Americas

The Commodity Futures Trading Commission on Monday discussed a new proposal that would not change the notional threshold at which financial institutions have to register as swap dealers.

Chinese education firm Puxin's $166m New York Stock Exchange IPO was covered by demand from Asian investors alone on the first day of bookbuilding.

With Petrobras bond prices still on their way down after a truckers’ strike that caused the company to cut diesel prices, CEO Pedro Parente resigned on Friday — much to the dismay of Fitch Ratings.

Central American development bank Cabei issued Ps4bn ($199.8m) of Mexican peso denominated debt via a dual-tranche bond sale last week.

BB&T was the sole benchmark investment grade borrower to brave the dollar market in a week when political instability slammed the brakes on supply.

Royal Bank of Canada followed Toronto Dominion into the sterling covered bond market this week, pricing its first deal of the year at the same spread as its peer. Given a relatively high number of covered bond redemptions this year, RBC could well return.

Chilean electricity company Enel Chile will meet fixed income investors from Friday attempting to find the light at the end of a relatively dark month for Latin American markets.

Former Colombian president and one time market darling Álvaro Uribe’s cherry-picked candidate won the first round of the presidential election on Sunday, giving investors some relief amid tough markets.

Colombia’s inter-parliamentary Public Credit Commission on Tuesday approved a sovereign guarantee to Empresa Metro de Bogotá, the company managing the proposed construction of the city’s first subway line, opening the possibility of a bond issue.

Toronto Dominion Bank issued the only two covered bond benchmarks in what was otherwise a desolate week for the FIG sector. Despite exceptionally volatile market conditions, the euro and sterling transactions went well leading a syndicate banker to conclude that TD "owns" the covered bond market.

US corporate bond bankers are hoping for a rebound in supply in June, after the high grade new issue market limped to the end of May.

Goldman Sachs and three other major banks have signed up to the project to build a joint electronic bookbuilding system for the US investment grade market, joining Bank of America Merrill Lynch, Citi, and JP Morgan and giving the new platform a strong shot at total market dominance. Goldman’s merchant banking arm sold Ipreo, the main rival to the new project, last week.