Americas
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The Commodity Futures Trading Commission (CFTC) has allowed Euronext to provide US investors with direct access to CAC 40 and AEX dividend index futures. -
Argentina’s second most populated province is preparing its second international bond issue of the year and will begin meeting investors on Monday.
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Tradeweb becomes Bond Connect’s first foreign trading platform provider, both northbound and southbound fund flows of the Mutual Recognition of Funds scheme pick up speed in May, and the State Administration of Foreign Exchange (Safe) plans favourable FX policy for Chinese companies investing in Belt and Road projects abroad.
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US vehicle parts manufacturer Federal-Mogul cruised through its second fixed rate deal in the euro high yield market this week.
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The governor of People’s Bank of China says Chinese banks must face international competition, the China Securities Regulatory Commission (CSRC) considers changes in Stock Connect daily trading quotas after MSCI’s A-share inclusion, and the Hong Kong Exchange plans to launch CNH and dollar gold futures on July 10.
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Pampa Energía’s peso-linked bond plans and Banorte’s proposed perpetual paper are the picks of Latin America’s bond pipeline, as the region’s issuers ready another wave of corporate issuance, despite a weaker market.
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Argentina had market participants choking on their churrasco this week with a century bond that triggered mixed reactions but sent a clear message about the bond market’s extraordinary ability to back any story it likes the sound of. Oliver West reports.
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DCM bankers say that Taiwan’s Formosa market could offer compelling funding options for several Latin American bankers after Mexican utility CFE became the first Lat Am corporate to issue in it this week.
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Danaher Corp, the US healthcare technology group, issued a €850m dual tranche bond on Monday and the latest reverse Yankee issuer found strong demand for both tranches, resulting in minimal new issue concessions.
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The Commodity Futures Trading Commission (CFTC) on Wednesday said that cattle derivatives traders tied to a Memphis-based Futures Commission Merchant (FCM) “secretly” increased their positions by paying four cattle feed yards to buy and hold hundreds of futures on their behalf.
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Reckitt Benckiser racked up $16bn in orders as it printed a four tranche bond to fund its purchase of US baby food maker Mead Johnson in an otherwise subdued week for corporate issuers in the US.
