Americas

BNP Paribas is hoping to win more business from private equity firms across its product lines, following the appointment of James Seagrave as global head of financial sponsors.

Peruvian lender Banco de Crédito del Perú (BCP) brought in pricing on a new three year senior unsecured note by more than 30bp from initial price thoughts on Friday as investors rushed into a rare Peruvian corporate new issue.

ANZ has made some 30 people redundant across its institutional banking divisions in New York, London and Asia.

In this round-up, The BRICS bank announces its lending target for the next year, two US banks compete for RMB clearing role in New York, and China Construction Bank Tokyo gets admitted to the onshore foreign exchange market. Plus, a recap of our coverage this week.

Home to the world’s largest capital market, the US has what it takes to redraw the global heat map of renminbi internationalisation (RMBi) now that it has been awarded a clearing bank and the world’s second largest RMB investment quota. Yet this potential could be squandered by the upcoming presidential elections unless market forces prevail.

Suriname’s claims to be turning around its public finances found traction with bond investors after the sovereign’s debut international bond was priced tighter than many market participants expected on Wednesday.

Argentine oil company Compañía General de Combustibles and lender Banco Macro joined Trinidadian utility name Trinidad Generation Unlimited (TGU) in the Latin America and Caribbean bond pipeline this week as debut issuers looked to take advantage of strong funding conditions.

Electric utility company Enersis Americas received a raucous reception from investors this week as it sold just the third Chilean corporate bond in dollar markets of 2016.

High grade corporates sprang from earnings blackout to crank out multi-billion dollar deals this week as the event risk many had feared would throttle the market in October failed to materialise.

Guarantor: Canada

US banks reporting earnings in the third quarter ubiquitously saw steep upturns in revenues from fixed income trading, despite some seeing overall falls in year over year revenues, as divergences of opinion on the Federal Reserve’s plans for interest rates caused increased trading in bonds.

UK government bonds this week joined the country’s currency in taking a hammering, but public sector bankers are confident that a scheduled Gilt syndication next week will go well — and there could also be arbitrage opportunities in sterling.