Americas

HSBC showed the strength and depth of the dollar market this week, taking $3bn of new holding company level funding out of the market little more than a month after it had raised $6bn in the currency.

CPPIB Capital achieved a double whammy with its debut green bond this week, bringing the first international sale of a green bond by a pension fund that grew into the largest ever green bond in Canadian dollars.

Despite receiving one of the largest IMF bail-out packages in history, Lat Am bankers are sanguine on the outlook for Argentine DCM activity this year. They say this is as much to do with the broader weakness in emerging markets as it is to do with Argentina’s economic recovery.

Mergers and acquisitions fever is gripping the dollar market as investors are primed for jumbo deals from AT&T and Bayer.

In the political sphere, Europe and North America appear to be travelling in separate directions since the election of Donald Trump as US president in November 2016, as was evident at the recent G7 talks.

Chinese used car e-commerce platform Uxin began bookbuilding on Thursday for an IPO that could raise up to $475m.

The margins paid by Michigan utility CMS Energy on two revolving credit facilities totalling $1.4bn will, for the first time, be linked to its sustainability goals, as a result of amendments signed on June 5.

Pete Osborne, a former director at Singapore Exchange (SGX), has resurfaced at Canadian exchange operator TMX Group in London as head of European equity trading sales.

The North American Development Bank (NADB) will hold meetings in Geneva and Zurich to discuss a debut Swiss franc green bond.

Officials from Ecuador met investors in New York this week and while the programme was billed as a non-deal related investor update, analysts say that a deal is expected later this year.

One of HSBC’s co-heads of Latin American DCM has left for Scotiabank.

New York Stock Exchange-listed Sea, an online gaming firm, is bookbuilding for its debut convertible bond worth some $400m.