Americas

At least three high-grade borrowers in the US bond market stood down on Thursday as supply windows snapped shut and scotched hopes of a final flurry of supply before year end.

Huawei Investment & Holding Co's dollar bonds took a beating on Thursday morning following news of the arrest of its chief financial officer in Canada.

Brazilian government-owned oil company Petrobras has said it is looking to deleverage as part of its new five year business plan. But it will still be a regular borrower in capital markets. Furthermore, though some Latin American debt capital markets bankers say their January pipeline is looking bearer than it usually does at this stage of the year, Brazilian public sector issuers could be the one active area of the market.

US president Donald Trump and Chinese general secretary Xi Jinping's agreement to hold a 90 day truce in their trade war was greeted warmly by emerging markets investors eager for good news. But the rally didn’t last long.

Investors are turning their attention to 2019, hoping for better returns than 2018 afforded. Despite the US Federal Reserve’s rate hiking ambitions and uncertainty over a US/China trade war, investors are looking forward to next year.

The Commodity Futures Trading Commission (CFTC) on Tuesday announced the composition of a 21-member committee that will advise the derivatives regulator on interest rate benchmark reform.

The meeting between US president Donald Trump and China’s Xi Jinping during the G20 summit resulted in a trade war ceasefire, giving capital markets a temporary breather from the threat of a fresh tariff outbreak. Asia’s debt and equity issuers should pounce on the opportunity.

A short surge in risk appetite on Monday was not durable enough for ING Groep to proceed with a dollar tier two bond transaction on terms it felt were reasonable this week. The Dutch firm became the latest FIG issuer to pull a trade after announcing initial price thoughts.

Jefferies, which is in the process of a huge expansion of its emerging markets offering, has hired an ex-Goldman Sachs trader in New York.

Chinese online consumer lender 360 Finance is preparing to launch its New York Stock Exchange IPO on Wednesday, targeting around $100m, according to a source close to the deal.

Tencent Music Entertainment Group has begun bookbuilding for its long-awaited $1.23bn IPO in the US, around two months after first gauging investor appetite.

Calvert Impact Capital, the US impact investing firm, has published a study, the first of its kind, that aims to show the benefit of investing with a consciousness of gender in the context of private impact investments.