Americas

Andrew B. Busch has been named by US Commodity Trading Futures Commission (CFTC) acting chairman, Christopher Giancarlo, as the Commission's first chief market intelligence officer.

Public sector borrowers are lining up a three pronged attack on Wednesday in a dollar market that is enjoying its widest swap spreads of the year. Quebec is attempting the first 10 year dollar benchmark since the first week of the year, KfW is out in fives — a part of the curve that has also become attractive in euros — and the Inter-American Development Bank is coming at the short end.

Argentina’s second smallest province is readying a dollar denominated bond, looking to become the 13th sub-sovereign authority to issue since the government exited default a year ago.

Nine mandated lead arrangers and bookrunners have invited lenders to join the international loan market debut of Ant Financial subsidiary, Alipay (Hong Kong) Holding. The money will partly be used to support Ant’s bid to acquire MoneyGram.

Panama plans to raise $1bn on the international bond market as part of an investment drive to underpin economic growth and shrug off the impact of recent financial scandals.

The US Commodity Futures Trading Commission has settled a charge of spoofing in the US Treasury futures market with two Citigroup traders.

The dollar market for bank and financial issuance has recorded its first week of zero supply in 2017, but still smashed records for the busiest quarter of all time.

The largest McDonald’s franchise operator in the world attracted a super-sized $2bn of demand for a deal of just $265m on Thursday as investors said the allocation bun fight left them wanting more Big Mac bonds.

Chilean-Brazilian Latam Airlines is likely to be at the centre of a rush of corporate bond supply from Latin America next week after Standard & Poor’s praised the company’s cost-cutting efforts.

US aircraft component maker Rockwell Collins re-opened the dollar market with the biggest deal in its history and propelled high-grade issuance to its busiest first quarter on record.

Colombia-headquartered lender GNB Sudameris returned to bond markets after a four year absence on Wednesday, tightening pricing on a 10 year non-call five tier two bond.

RVX Asset Management, the Florida-based investment manager, has hired Todd S Jessup to be director of institutional client services, it said.