Americas

Royal Bank of Scotland and Nationwide Building Society set out to raise loss-absorbing debt on Wednesday, as UK credits took advantage of a post-Brexit boost to access funding in the still-popular dollar markets.

Gulf supply remained the dominant theme in CEEMEA bonds again this week as markets reopened in buoyant mood after Monday’s US holiday.

A special purpose vehicle backed by the state-owned sponsor of Mexico City’s new airport will begin a roadshow on Friday ahead of a planned green bond.

Brazilian meatpacker Minerva will opt for a 10 year maturity when it returns to bond markets, according to Standard & Poor’s.

US agricultural equipment manufacturer AGCO launched its first ever Schuldschein for €150m on Tuesday. Some of the proceeds will be used for the acquisition of Danish manufacturer Cimbria.

Bayer and Monsanto have moved a step closer to agreeing a multi-billion dollar merger as Bayer confirmed that the two are in advanced discussions. A takeover would include the largest loan of the year of about $65bn.

Telecoms giant Oi filed a restructuring proposal at a Rio de Janeiro court on Monday night as it seeks consensus on the largest bankruptcy in Brazilian history.

Chilean-headquartered wood products company Masisa has signed a five year loan from four lenders.

The Central American Bank for Economic Integration (Cabei) found plenty of suitors in the Formosa bond market, sealing a Rmb1bn ($150m) offering on Friday, its second deal in a week.

Gridsum Holdings, which recently filed for a listing on the Nasdaq, is testing investor appetite for the $75m-$100m transaction.

Chilean lender Banco de Chile is to issue $100m of senior unsecured floating rate notes, according to Moody’s and Standard & Poor’s.

The Central American Bank for Economic Integration (Cabei) is back with a Formosa bond just three days after it raised Rmb700m ($105m) in the same market.