Americas

The Chicago Board Options Exchange is stepping up plans to expand outside of the US by opening its first international business development office in London in July.

Mexico is likely to become the first Latin America sovereign to issue a Samurai bond this week after tightening guidance on a three and five year deal.

Industrial conglomerate Cosan will be hoping market conditions do not turn against it for a third time after it launched a tender offer and announced investor meetings ahead of a possible new bond.

Power plants developer ContourGlobal is sounding investors for its first euro-denominated bond, just one week after Moody’s withdrew its rating due to a lack of information.

Markit, the financial information services firm, has hired an experienced banker to head up index research and development in New York.

Mexican real estate company Grupo GICSA is to meet investors this week ahead of a planned $300m debut 144A/Reg S unsecured bond issue.

The Province of Córboda sold $725m of five year bonds on Friday after tightening pricing by three eighths versus initial price thoughts, making it the tightest new issue from an Argentine province this year.

GlobalCapital is delighted to announce the winners of its Americas Derivatives Awards for 2016. The results were revealed at a gala dinner at New York’s Metropolitan Club on June 2. Thank you to everyone who supported the event by attending and for taking part in the pitches that decided who were the best and brightest in US, Canadian and Latin American derivatives over the last 12 months.

Aetna proved the resilience of the dollar market by printing a $13bn M&A trade with no new issue premium on Thursday, coming just days after the busiest ever month for US high grade bond issuance in May.

The Argentine province of Córdoba is looking to sell a five year bond inside its provincial peers and only just wide of the City of Buenos Aires after announcing initial price thoughts of mid 7% for a new five year dollar benchmark.

Brazilian state owned oil company Petrobras has intensified its efforts to persuade holders of its 8.375% 2018s to part with their paper, increasing the price it is willing to pay for the notes from 107.875 to 110.

US insurer AIG, one of the major players in the subprime mortgage crisis, was welcomed back to the euro bond market this week for the first time since its rescue.