Americas

Genuine Parts Company (GPC) will issue $2bn of bonds and loans and ramp up the size of an existing revolver to fund its purchase of France’s Alliance Automotive Group (AAG) when it buys the auto parts wholesaler from private equity towards the end of this year.

US machinery manufacturer, John Deere, returned to the euro corporate bond market on Tuesday, selling its second deal in September. The €500m five year deal was issued by the company’s John Deere Bank entity.

Both of Brazilian oil giant Petrobras’s new bonds issued last Monday will jump to jumbo size after the response to the company’s exchange offer surpassed the expectations of many market participants.

The US Commodity Futures Trading Commission has fined Bank of America Merrill Lynch $2.5m for failures of supervision and record-keeping, connected with an investigation by CME Group that found evidence of front-running.

Singapore-based internet company Sea has kicked off pre-marketing for a US listing that could raise up to $1bn, according to a banker close to the deal.

Brazilian water and sewage company Aegea Saneamento e Participações is looking to raise $400m via its debut international bond issuance, according to rating agency reports.

Nearly 95% of holders of Latin America oil and gas company GeoPark’s $300m of bonds due 2020 agreed to sell their paper as part of tender offer, the issuer said on Thursday evening.

The FIG dollar market was subdued this week, with self-funders remaining on the sidelines as the Federal Reserve hinted at higher rates and announced the reversal of its quantitative easing plan.

Chinese online retailer of luxury goods Secoo Holding priced its $110.5m listing of American Depository Shares on Thursday, finding favour among investors thanks to an attractive discount.

Royal Bank of Canada bagged Rmb900m ($136.57m) from its inaugural public offshore renminbi bond on Friday, making it just the third issuer to seal a dim sum bond this year.

Brazilian oil giant Petrobras appeared to have timed its return to bond markets to perfection on Monday, but an underwhelming secondary market performance left some investors disappointed.

Two Mexican chemical manufacturers announced roadshows this week, with both Mexichem and Cydsa planning to wrap up meetings on September 26.