Americas

Burden on Mexico’s finances is huge and investors are beginning to focus on the next government’s stance on the company

◆ Low concessions paid in the first part of the week ◆ Market tone worsens after US downgrade and rates volatility ◆ Wells Fargo chooses quick return for opco funding

Pricing is beginning to stabilise as investors see nuance

◆ Improved funding in dollars for European banks ◆ The two issuers have been heavier users of euro and sterling markets this year ◆ Where is best to print in dollars for others eyeing the market?

Dominican Republic could be on the cards for LatAm supra after debuts in Paraguay, Costa Rica

◆ Lloyds and Santander launch Yankees ◆ Better execution in the dollar market than raising euros or sterling, says Lloyds Treasury ◆ Dollar investors supporting foreign issuers, including capital trades

Provinces take a step back from borrowing but pension sector issuers lean forward

Public Storage pays just a handful of basis points, while Amex coughs up more

Next deal could include targets on climate change adaptation or biodiversity

LM component supports demand as Brazilian issuer raises $750m

Equity-linked bond market in Europe has been left in the dust by the Americas and Asia-Pacific, baffling bankers

Sovereign jumps on strong demand for local currency to expand its stock of ESG debt