Americas

Rosenthal Collins, the US futures broker and clearing company, has promoted Robert Turner to be its new chief operating officer and Patrick Carey to be in control of a new function, strategic implementation.

New deals marketed this week by US borrowers Owens-Illinois and Federal-Mogul pushed reverse Yankee issuance to 25% of the €22bn of euro high yield issuance so far in 2017.

Kingsbridge, the holding company of cable TV service provider Asia Broadcast Satellite (ABS), has launched a $280m refinancing into general syndication.

A clutch of China’s technology stars had been expected to dazzle the market with their IPOs this year, but the evolving regulatory environment means many are ambivalent about whether to list onshore or off. Market watchers say fintech players could be pushed to the US, even as other tech firms consider an A-share IPO. John Loh reports.

Argentina returned to the Swiss market for the first time in nearly 20 years on Thursday to print a Sfr400m ($403m) three and a half year bond.

Landlocked South American sovereign Paraguay cemented its status as one of Latin America’s fastest improving economies with a tightly priced 10 year deal on Wednesday.

Volkswagen has returned to the public straight bond markets in its own name for the first time since September 2015, when it was swept from the market by its emissions test cheating scandal. Bond markets being what they are, a multi-billion euro blowout is likely.

Mexican development bank Nacional Financiera (Nafin) has priced its first ever Japanese yen-denominated bond, according to bankers close to the deal.

Central American retail group Unicomer saw its newly issued seven year non call four bonds jump around three points in secondary markets on Tuesday as traders said retail and private bank investors sought to get their hands on the paper.

Mexican development bank Nacional Financiera (Nafin) will look to price its first ever Japanese yen deal this week.

ABN Amro attracted a healthy book for a large $1.5bn tier two trade on Monday, as the FIG market filled up in both dollars and euros after a busy week of potential risks.

French asset manager Tobam Core Investments opened its first international high yield fund on Monday. The €100m fund aims to go against the grain.