Americas

Latin American corporate bond refinancing needs will surge next year just as external financing conditions have worsened and as new governments take office across the region, Fitch warned this week.

Brazilian issuers continue to focus mostly on liability management rather than new debt raising as a combination of weak conditions and looming presidential elections makes timing new deals difficult.

Caribbean island nation Barbados said on Wednesday that views were “converging” over the possible size of its fiscal consolidation, setting the stage for negotiations with bondholders to begin.

IHS Markit exploited the lull in high-grade supply to grab investor attention with its investment grade debut.

Wall Street heavyweights returned in force to the dollar market with a string of multi-billion dollar trades after posting strong second quarter earnings.

FIG funding project after project has had to be postponed because of higher volatility levels in 2018, leading to a build-up in supply at the beginning of the summer break. With banks growing fearful of market overload, funding teams are thinking hard about whether August could be a window of opportunity after all. Tyler Davies reports.

Issuance in Europe’s equity-linked market is likely to remain stagnant for the rest of the year as long as there is no rapid uplift in rates and the high yield bond market holds up. The US meanwhile continues put all other markets in the shade as total volume powers to its strongest year since 2007.

UBS has continued to shake up its global equity capital markets leadership team with Gareth McCartney taking the role of head of EMEA cash ECM and global head of syndicate.

Caribbean island nation Barbados said on Wednesday that views were “converging” over the possible size of its fiscal consolidation, setting the stage for negotiations with bondholders to begin.

Bankers marketing the latest crop of IPOs from China’s technology sector got their game face on this week amid escalating fears of a trade war with the US.

The San Francisco Public Utilities Commission (SFPUC) is looking for international buyers of its green bonds for the first time as it prepares a roughly $402m new issue.

French lender BNP Paribas has hired from a rival house to add to its Latin American debt capital markets team.