Americas

Bunge Finance Europe, an arm of the US agricultural commodities group, signed a $1.75bn revolving credit facility with 42 banks on Tuesday.

Latin American bonds and currencies enjoyed a positive performance on Wednesday after the US Federal Reserve’s broadly expected decision to hike its target rate by 25bp. Bankers and investors are finally looking forward to a rest after a hectic new issue schedule.

LexinFintech, a Chinese online consumer lender, has shrunk the size of a mooted Nasdaq IPO to $132m from its original target of around $500m, after regulatory changes in China put the sector in a negative light.

Brokerage firm Interactive Brokers has started allowing clients to go short on Chicago Board Options Exchange bitcoin futures, requiring a margin of $40,000 per contract.

Mexican payroll lender Alpha Holdings sold its inaugural cross-border bond deal on Tuesday though it was unable to tighten beyond initial price thoughts.

Banco Santander Chile sold $500m of three year bonds on Tuesday in its first dollar-denominated sale in three and a half years, taking advantage of a beneficial swap rate for opportunistic trades, according to DCM bankers.

As excitement around cryptocurrencies reaches a fever pitch, US Securities and Exchange Commission chairman Jay Clayton on Monday issued a statement on cryptocurrencies and initial coin offerings, warning main street investors and market professionals alike about risk in the space.

This week, bankers and investors in the European high yield market sounded a message of confidence to potential issuers of bonds with triple-C ratings, even after BMC cancelled one such deal.

Santander Holdings USA offered investors two tranches of senior debt on Monday as it looked to close in on its total loss-absorbing capacity (TLAC) requirement.

South American sovereign Colombia is just one notch above junk status with Standard & Poor’s after weaker than expected growth took its toll on government finances.

Alpha Holdings, the Mexico-headquartered non-bank lender, will look to price its first ever international bond on Tuesday after setting initial price thoughts on Monday.

Colombian toll road project Rutas al Mar is looking to meet investors ahead of a potential local currency bond transaction, according to DCM bankers, in what would be the third issuance from the country’s flagship 4G road-building programme.