Americas

The US Commodity Trading Futures Commission (CTFC) is divided over derivative rules as it agreed by split vote on Thursday to accept substituted compliance comparability for Japan uncleared margin rules. And one of its three commissioners, Sharon Bowen, raised a number of concerns for systemic financial risk as she voted against the motion.

Emerging market economic growth managed to hang on to much of its momentum over August, according to the latest release of the IHS Markit Emerging Market Composite PMI index.

Eris Exchange, the US-based futures exchange group, has opened a London office and hired a long-serving Barclays banker to oversee the European operations.

The $8.8bn merger between UK software company Micro Focus and assets of Hewlett Packard Enterprise has gifted the loan market a $5.5bn deal, one of the largest in the UK this year.

Crédit Agricole CIB has hired a ‘head of international’, a new role at the bank’s global markets division. Gene Kim joins from Standard Chartered, and will oversee the markets business in the Americas, Asia and the Middle East.

US-listed Chinese travel company Ctrip.com International has raised $2.2bn after pricing a convertible bond and a block of American Depositary Shares.

Three Latin American corporates announced roadshow plans on Wednesday as appetite for EM credit shows no sign of softening.

Brazilian meatpacker Minerva announced initial price thoughts of 7% on Wednesday afternoon for a benchmark sized 10 year non-call five deal to fund a tender offer.

The second in command in Mexico’s public debt office has left his job to become CFO of state-owned electricity utility, Comisión Federal de Electricidad.

The International Swaps and Derivatives Association has published a document to help market participants navigate the challenges of trading with counterparties in China.

GlobalCapital announces the results of its first full scale, standalone set of Sustainable and Responsible Capital Markets Awards.

Bank of Nova Scotia has issued the first sterling fixed rate covered bond since March 2015. The positive yielding five year tenor proved a more appropriate maturity than the prevailing 2026 slot which euro issuers have crowded into and the funding was cheaper than a five year dollar covered bond.