Americas

Chicago Mercantile Exchange Group on Tuesday announced that it would soon list new options on its financially settled Black Sea Wheat and Corn futures.

Chinese internet search giant Baidu is considering the sale of China Depository Receipts (CDRs).

Market participants are “gearing up” to transition from major benchmark interbank offered rates (IBORs), but that only 11% have actually allocated any money to seeing through the initiative, according to a survey conducted by major capital markets trade bodies.

Santander said it has hired two bankers, one from Deutsche Bank and one from Goldman Sachs, into its US CIB unit, bulking up its efforts to sell debt and derivative products to US firms.

Brazilian mining giant Vale has wrapped up a tender offer for its dollar notes due in 2042 after nearly two thirds of bondholders agreed to sell their paper.

Chinese online auto trading platform Cango is looking to raise up to $300m from an IPO on the New York Stock Exchange.

UBS is expanding its Latin America debt capital markets team with a hire from a rival house.

Frontera Energy, the Lat Am-focused Canadian oil and gas company, saw its new international bond trade up in the secondary market on Thursday as EM buyers found several justifications for why the deal had been priced relatively cheaply.

Chile will meet bond investors next week ahead of a proposed local currency issue that will be available to offshore buyers.

The expected torrent of mergers and acquisitions-related supply arrived this week with two borrowers taking home a combined $31bn after credit markets seesawed in the latest bout of Donald Trump-inspired volatility.

UBS and Royal Bank of Scotland tapped into the resilience of the dollar market this week, as they printed well-received trades amid volatile conditions.

Canadian Imperial bank of Commerce this week issued the first dollar covered bond in 144A format this year. The funding, which was much cheaper than the cost of raising a similar deal in dollar senior format, could well unleash a slew of supply, mostly from Canadian banks but also potentially from European names.