Americas

The International Swaps and Derivatives Association on Wednesday pushed for “enhanced supervisory cooperation” between clearing houses in the wake of Brexit.

RBC Capital Markets is losing two members of its US private placements team in New York, one of which is a business veteran.

Deutsche Bank is cutting 400 staff from its corporate and investment bank across the Americas as part of a cost-cutting drive that has accelerated under new CEO Christian Sewing.

Colombian financial holding company Gilex will look to price an inaugural international bond on Wednesday after setting guidance on Tuesday, more than a month after meeting investors.

Banco Regional, the Paraguayan bank focussed on the country’s agricultural and livestock sectors, is planning to meet international bond investors as it looks to refinance an existing cross-border bond.

Work space provider WeWork is planning to tap the US high yield bond market this week, the latest in a recent string of early stage companies to turn to the capital markets to help fund cash intensive growth strategies.

McGraw-Hill Global Education has obtained a payment in kind (PIK) term loan from funds advised by Guggenheim Partners and Ares to help refinance its 2019 PIK toggle notes, five months after it pulled a PIK toggle bond aimed at achieving the same goal.

The moribund dollar covered bond market is set for a renaissance as the cost advantage compared with other currencies and other sources of wholesale funding has improved. Issuers ought to be renewing alternative sources of demand.

Post-trade infrastructure giant the Depository Trust and Clearing Corporation (DTCC), has warned derivatives markets that attempts to implement distributed ledger technology should be coordinated, lest mistakes of the past are repeated.

Crédit Agricole is opening representative offices in Colombia and Chile, the lender said on Monday, as its looks to improve strengthen client relationships in the countries.

Carlos Vargas, most recently a managing director in Mizhuo’s Latin American debt capital markets team, has joined Oppenheimer & Co also as a managing director covering Lat Am DCM, GlobalCapital understands.

Petroquímica Comodoro Rivadavia (PCR), the Argentine energy company, will hit the road on Wednesday ahead of a planned debut international bond sale, with compatriot and peer company Capex expected to provide the closest comparison.