Americas

The Commodity Futures Trading Commission (CFTC) on Monday granted LedgerX, a digital currency exchange and clearing platform, a derivatives clearing organisation license.

When one thinks of volatility, few asset classes stand out as much as cryptocurrencies. But the fledgling nature of these decentralised digital currencies has meant that interested derivatives users have had to navigate equally volatile attitudes from global regulators.

Following a US Treasury report on regulating the financial system, published last month, the chief executives and chief financial officers of the big US banks lined up to praise the reforms’ potential — though they could be the last nail in the coffin of international regulatory co-operation.

Panama’s proposed second metro line is planning to sell $619m of senior secured debt boasting an effective sovereign guarantee, via an issuance vehicle known as SPARC EM SPC.

TV Azteca, the second largest Spanish language television producer in the world, is looking to raise new dollar debt just a few days after it said it would use pesos to prepay dollar notes due 2018.

Just one borrower occupied European high yield bond pipeline at the start of this week giving the impression the market is about to slow for summer. Bain Capital’s hygiene product supplier Diamond, is out on a roadshow.

Aluminum Corporation of China (Chinalco) has approached lenders for a $200m two year loan through its Peruvian arm, according to bankers.

Latin American business services company Atento and Panamanian lender Banco General will begin fixed income investor meetings on Monday ahead of planned dollar bond issuance.

Inversiones Atlántida, the 87% owners of Honduras’ largest lender Banco Atlántida, sold $150m of five year non-call three notes on Friday well inside where a better rated Lat Am financial name had sold bonds the day before.

A US pension fund has filed a class action lawsuit against ZTO Express and the banks that underwrote its $1.4bn IPO on the New York Stock Exchange last year.

Colombian payroll lender Credivalores had to widen pricing on its new bond on Thursday as bankers said that, despite the strength of the market, investors were not willing to buy anything and everything.

Argentine mortgage lender Banco Hipotecario said on Thursday that it had approved another $400m bond issuance, just after YPF clinched a long awaited return to dollar markets that impressed bankers.