Americas

Maybe it was the euphoria of seeing three potential Lat Am borrowers hit the screens on one day after three arid months but DCM bankers heaped praise on Colombia’s dual tranche bond deal on Wednesday as it tapped international markets for the first time in over a year.

Rising oil prices, strong corporate performance and a supply shortage have driven US high yield bond spreads to their tightest level since the financial crisis. After several cycles of tightening and widening this year, some investors think that this time there is still more room for the rally to run.

Turkish and Argentine assets have been battered over the past few months, but one investor believes that both countries can provide good value and is expanding its exposure.

Tencent Music Entertainment Group has started pre-deal investor education for one of the highest-profile IPOs by a Chinese firm in the US this year.

Hong Kong-based blank cheque company Alberton Acquisition has filed for approval to list on the Nasdaq.

Top investment-grade names from Latin America could find a strong reception if they dare to approach primary bond markets, said bankers, after one of the best rated corporates in the region filed a debt shelf with the SEC.

Central American multilateral Cabei (Central American Bank of Economic Integration, otherwise known as BCIE for its Spanish name) has appointed a new executive president who will begin his role on December 1.

Elon Musk seems to have walked away relatively unscathed from his brief jostle with the US Securities and Exchange Commission (SEC), and Tesla’s board must now deal with the mammoth task of trying to control the impulsive chief executive.

Amphenol Technologies, the European subsidiary of a US fibreoptic cable connector firm, sold its first bond in euros on Monday. Despite a weaker secondary tone, demand for the 10 year deal justified the issuer’s decision to press ahead with the trade.

MetLife chose to come to market with a bulldog bond on Tuesday, looking to sell funding agreement-backed securities (FABS). It became the issuer’s smallest sterling trade since 2006 with a barely subscribed book.

Cobre del Mayo, which operates the third largest copper mine in Mexico, is looking to use a bank loan to buy back debt at deeply depressed prices in attempt to cut its debt burden.

The US Commodity Futures Trading Commission (CFTC) on Monday unveiled a much touted white paper on how the organisation's chairman, Christopher Giancarlo, would like to overhaul US oversight of foreign swaps markets.