Americas

The return of retail inflows into the supply starved US high yield bond market has created strong conditions for borrowers so far this year. On Tuesday, energy issuers were the main beneficiaries of the supply-demand imbalance.

The United Mexican States has released price guidance on its first euro bond for over a year.

Chicago Mercantile Exchange Group (CME) and Japan Exchange Group (JPX) on Monday announced that Yen-denominated Tokyo Stock Price Index (TOPIX) futures would launch on CME’s Globex platform on February 5.

Puma Energy has returned to the debt markets to redeem its outstanding 2021s and in doing so will provide investors with a nice lump of cash to reinvest in a new offering of debt.

Hidrovias do Brasil, the Brazilian waterway logistics provider, will begin meeting investors on Wednesday as it plans a debut international bond sale.

Brazilian logistics firm JSL returned to dollar markets on Monday to tap the 7.75% July 2024 notes it sold in its debut deal in July last year.

The passage of the US tax reform bill has helped US high yield spreads contract to their tightest level in ten years in the first two weeks of the year, drawing in borrowers to refinance existing debt and push out their maturity profiles.

Two corporate issuers are making early moves into the capital markets this year without waiting for sovereign issuers to establish benchmarks, showing the strength of funding conditions in emerging market debt, said bankers.

After Latin American issuers burst into the market in the first week of the year for the first time ever, Brazilian meatpacker Marfrig became the fifth company from the region to announce a roadshow and keep up primary market momentum.

US insurers MetLife and New York Life joined seven Yankee bank borrowers in a blistering start to 2018 for the dollar market, despite a snow storm battering the East Coast of the US this week.

Below-freezing temperatures in New York that left several EM bond market participants working from home on Thursday could not stop Latin American borrowers from bringing early heat to 2018.

Two Brazilian companies could tap international bond markets as soon as next week after announcing fixed income investor meetings.