Americas
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As left-wing candidate Andrés Manuel López Obrador eased to victory in Mexico’s presidential elections last night, investors are wondering just how insistent he is likely to be with some of his more disruptive policy proposals. -
A group of investors owning bonds of Venezuela and state-owned oil company PDVSA want creditors of the two issuers to be treated equally.
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Chile interrupted the quiet in Latin American bond issue markets on Thursday when it proceeded with a dual tranche peso deal, immediately after wrapping up a roadshow.
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AES Gener, the Chilean utility, wants to buy back up to $200m of bonds using cash in hand, it said on Wednesday, as its commitment to reducing leverage looks set to save its investment grade rating.
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Friday marks one year since the launch of the Task Force on Climate-Related Financial Disclosure’s final guidelines — a blueprint for companies to report to investors how they are facing up to climate change.
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Europe’s equity-linked bond market has been anaemic this year, in both performance and volume of issuance. Yet in the US, tax reforms, rising interest rates and share prices near record highs have created a booming market for convertible bonds which shows little sign of abating, writes Aidan Gregory.
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No financial issuers came forward as they waited for the US Federal Reserve to publish the results of its Comprehensive Capital Analysis and Review (CCAR) this week.
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The US dollar bond market ended a record-breaking month on a downbeat note as borrowers stayed on the sidelines amid a poor technical backdrop. Charter Communications became the first SEC registered issuer of the week on Thursday with a long five year trade and the only two other benchmark trades were from 144A issuers on Tuesday.
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As the first half of 2018 draws to a close, it is clear Europe’s equity capital markets have been battered by political tensions and fears of disruption to international trade. Volume is down, particularly in block trades.
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AES Gener, the Chilean utility, wants to buy back up to $200m of bonds using cash in hand, it said on Wednesday, as the company’s commitment to reducing leverage looks set to save its investment-grade rating.
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A green bond and a conventional bond both hit the euro market on Wednesday. While neither aimed for size, the pricing action showed much hotter demand for the green offering.
