Americas

The global head of private credit at KKR has left the firm — despite its filing documents for a third ‘Lending Partners’ fund this week, suggesting it is raising another direct lending vehicle.

The heads of funding at DNB Boligkreditt and Royal Bank of Canada told delegates at this week’s IMN conference that investors are well protected from a potential fall in house prices. UK covered bonds are similarly resilient, said a director at Fitch Ratings. And even in a hard Brexit, the privileged position of covered bonds would be upheld by UK courts, said a partner at Clifford Chance.

Latam Airlines emerged with pricing for a new seven non-call four year senior unsecured dollar bond on Wednesday at the end of a four day roadshow.

Argentinian supply resumed on Wednesday as Tarjeta Naranja and Province of Tierra del Fuego both kicked off pricing on new dollar deals.

China Everbright Greentech (CEG) is drumming up interest for a $500m Hong Kong IPO, with investor meetings starting this week, said bankers on the deal.

The dollar market was on spectacular form on Wednesday, with a Canadian province pushing out a rare 10 year bond, a supranational smashing its size record and a $4bn five year from a German agency.

Global investment firm Stanhope Capital has appointed Mexico’s former finance minister to its advisory board.

Banco Santander ratcheted in pricing on three tranches of non-preferred senior debt on Tuesday, raising $2.5bn in its first dollar-denominated deal in the format.

Mexican textiles producer Grupo Kaltex is on track for a dollar market debut after wrapping up an international roadshow on Tuesday.

Further dollar issuance from Argentina could emerge as early as today after two borrowers from the country wrapped up roadshows on Tuesday.

The first meeting between new US president Donald Trump and his Chinese counterpart Xi Jinping starting Thursday could prove fateful for the bilateral relationship and China's renminbi, with the outlook remaining cloudy on what the US president's next moves might be.

The former chief operating officer of the Options Clearing Corporation (OCC), Michael McClain, has joined the Depository Trust and Clearing Corporation (DTCC) as general manager of equity clearing.