Americas

Bondholders in Mexico City’s proposed new airport were left speculating how Andrés Manuel López Obrador (Amlo), the country's president-elect, planned to return their money on Monday after the said he would cancel the project.

Brazilian bonds were only slightly up on Monday morning after right-wing Jair Bolsonaro’s victory in Sunday’s presidential election was deemed to be mostly priced in. And analysts looking beyond the promise of market-friendly policies said that the president-elect’s polarising views could make much-needed fiscal reforms difficult.

European Commission officials have played down concerns expressed by the Commodity Futures Trading Commission over a controversial EC proposal that seeks to revise European oversight of foreign clearing houses. The comments garnered a curt response from a senior CFTC official.

360 Finance has filed for a $200m IPO on the New York Stock Exchange through Citi and Goldman Sachs.

GE Capital’s former Mexican equipment finance business, known as Engenium Capital, is set to give Latin American debt markets a new test with a proposed subordinated perpetual bond offering.

Rating: Aa1/A+/AA

The Republic of Peru may not have yet announced the dual-tranche dollar and nuevo sol trade that it is understood to be planning, but the sovereign opted this week to get going with liability management anyway.

A volatile week with certain Latin American companies failing to announce deals after completing roadshows is not putting other credits from the region off trying their luck.

Latin American financial institutions are continuing to find attractive opportunities in niche markets this week, though the best rated of them all told GlobalCapital it could turn to public bond markets soon.

US regional lenders tapped the dollar market after reporting third quarter earnings this week, as bankers said that there were only a few remaining windows for issuance left in 2018.

Constellation Brands proved a rare highlight as a global market sell-off put the brakes on investment grade dollar bond issuance and sent borrowers scampering to the sidelines.

Three public sector borrowers shrugged off a rally in US Treasury yields to issue a combined $8.25bn in the primary market this week.