Americas
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Brazilian telecoms company Oi lost its chief financial officer and investor relations head on Monday as bondholders looked unlikely to accept the issuer’s proposed restructuring terms.
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Colombian oil company Pacific Exploration & Production said on Monday that it expects to close a restructuring that would see bondholders and private equity firm Catalyst Capital take control of the firm in the week of October 3.
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Icap has promoted a senior official to run its EBS BrokerTec fixed income electronic trading division.
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UniCredit announced three senior appointments in its corporate and investment banking (CIB) division on Monday, naming a new head of CIB Americas, a head of CIB Italy network, and a head of financing and advisory Italy.
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Canada Pension Plan Investment Board will sell its first ever bond on Tuesday, and HSH Finanzfonds mandated what will be its longest dated bond ever.
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Argentina’s southernmost province Tierra del Fuego could look to meet fixed income investors in late October, defying the expectations of several Lat Am bankers and investors, as it considers raising $150m of bonds.
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Lat Am new issue activity could hardly have had a better start to September as Minerva Foods raised $1bn of 10 year bonds at a flat to negative new issue concession. Strong flows into EM funds are creating conditions that are hugely attractive for borrowers.
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truePTS, a post-trade service provider for derivatives processing, has unveiled truePTS Counterparty Manager, a counterparty data management solution developed in partnership with LEI Smart.
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Yankee banks plundered the dollar market as the high-grade sector got off to a blistering start following the Labor Day holiday.
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The dollar market enjoyed another strong week with a group of issuers printing, but borrowers are looking ahead to a new wave of interest from bank treasuries in Asia — and some are reporting that the demand has already arrived.