Americas

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.

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.