Americas

The buyers of Thomson Reuters’ Financial & Risk business on Wednesday launched roadshows for $5.5bn equivalent of high yield bonds across two tenors and in dollars and euros, following the launch of $8bn of loans for the buyout on Tuesday.

Emerging market bonds are still under pressure from macro factors, but investors have plenty of capital markets business to keep an eye on as the pipeline, particularly in the Middle East, swells with deals.

Chinese mobile content aggregator Qutoutiao has hit the play button on its US IPO, targeting $144m from an offering of American Depository Shares (ADS).

The Chilean arm of Spanish lender Santander returned to bond markets on Tuesday with a Sfr115m ($118m) Swiss franc bond maturing in five years and three months.

Jamaica telecoms group Digicel saw its bonds slump after markets reopened on Tuesday as agencies slashed its credit ratings on the back of a bond exchange aimed at giving the issuer more time to deleverage.

A group of investors have taken Snap, the photo messaging company beloved by millennials, to court in California, alleging they were misled during the IPO process. They have filed a motion to have the case made into a class action suit, which might mean that it will rumble on for years at the company’s expense.

Two global initiatives aiming to improve transparency in markets have announced a partnership to link codes that identify market participants and the financial instruments they trade.

Cinnober Financial Technology has appointed three individuals to key roles across its business, including Fredrik Nihlén as group CFO.

The furore over Elon Musk’s public declaration that he was seeking to take Tesla private ended, when he reversed his decision last week. Tesla’s equity and debt holders must assess whether they are comfortable with Musk retaining almost sole control over corporate strategy.

Argentina’s plan to accelerate its fiscal adjustment left some Buenos Aires-based analysts satisfied on Monday, but all eyes will be on the reopening of the US market on Tuesday to know whether the government has won back the confidence of markets.

Two major derivatives industry trade bodies have warned of “fragmentation” and a “severe” impact on cross-border derivatives activity if a looming clearing deadline for certain intragroup transactions is not sufficiently extended.

Chinese biotechnology firm Zai Lab is tapping equity investors for around $150m, hitting the market with a follow-on sale of American Depository Shares (ADS).