Americas

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.

The World Federation of Exchanges (WFE) on Friday said that the leverage ratio should recognise the exposure-reducing nature of initial margin, becoming the latest body to call for change on the issue.

A positive day for Argentina’s bonds on Thursday did not reverse its inverted yield curve in dollars as analysts say investors are becoming ever more concerned about the country.

Brazilian pulp and paper company Suzano’s decision not to announce a deal the day after finishing an investor roadshow this week left bankers wondering exactly which Latin American issuers would find conditions ripe for a new deal.

Jamaican telecoms group Digicel is “undermining” its position with creditors by pushing ahead with a bond exchange that rating agencies have deemed as distressed, Fitch Ratings said.

Banks that deal in Yankees, including Nordea, HSBC and BPCE, raised $16bn in new funding as the market reopened with a bang after the Labor Day holiday.

Cigna Healthcare ended weeks of speculation on Thursday when it hit the dollar market with a $20bn trade to finance its acquisition of Express Scripts.

Daimler raised £500m when it reopened the sterling corporate bond market two weeks ago following the summer break — and nothing more was seen in the currency until this week, when two deals raised a combined £1.1bn.