Americas

The Depository Trust & Clearing Corporation (DTCC) on Wednesday called for "esoteric" exchange traded funds (ETFs) to be “closely monitored” and for a further expansion of clearing of derivatives and cash markets.

Owners of Barbados’ international bonds on Tuesday issued a scathing rebuke to the government’s restructuring process, in response to the island nation’s domestic debt exchange.

French bank Natixis has hired Benito Berber as chief economist for Latin America as it builds out its platform in the region.

Brazilian state-owned development bank BNDES is looking to buy back up to $1.65bn of existing debt after launching tender offers for two dollar bonds.

Investors’ eyes are on the Middle East this week as a slew of borrowers bring Sukuk trades to market, but while hopes are high for successful deals, a Turkish central bank rate decision looms large in investors’ minds.

Viomi Technology, the internet-of-things affiliate of Chinese smartphone maker Xiaomi, opened books on Tuesday for its $125.4m Nasdaq flotation.

More finance and derivatives industry groups this week came out against the leverage ratio and its impact on client clearing, backing the findings of an August report by global watchdogs. In a joint paper, trade bodies including the FIA also expressed concern over Brexit and its potential impact on client clearing.

Argentine state-owned oil and gas company YPF is looking to buy back all of its dollar bonds due in December, offering a small premium over face value.

Exchange group Chicago Board Options Exchange Global Markets on Monday launched high yield corporate bond index futures, in collaboration with data firm IHS Markit and Blackrock.

August was generally a healthy month for many global derivatives exchanges, though performance was not quite consistent across the industry.

Nio’s IPO on the New York Stock Exchange is set to escape the rout in emerging market stocks mostly unscathed, with its $1.3bn float covered ahead of pricing on Tuesday.

Jamaican telecoms group Digicel has extended the early bird deadline of its distressed debt exchange as it talks to bondholders about its liability management plans.