Americas

EBS BrokerTec, ICAP’s electronic foreign exchange and fixed income business, has added FX spot, forwards and swaps to its EBS Treasury platform as it completes the rebranding of the product from its previous name, MyTreasury.

The City of Buenos Aires is set to issue a new 11 year amortiser on Tuesday after announcing initial price thoughts that will make it the tightest of all the recent sub-sovereigns to have issued in Argentina.

The Chicago Board Options Exchange has taken a strategic stake in parent Eris Exchange as the firms team up on a range of product solutions aimed at regulatory reforms such as Basel III, European swap clearing and trading mandates, as well as margin for un-cleared swaps.

OpenDoor Trading has hired a former Bank of America Merrill Lynch sales head as president as it prepares to launch a trading platform aimed at improving liquidity in off-the-run US treasuries and treasury inflation protected securities (TIPS).

Bayer could be preparing to issue one of the five biggest rights issues ever, and the largest by a non-bank company, as part of the financing for its $62bn bid for Monsanto, the US agricultural chemicals and bio-engineering business.

Meatpacker Marfrig will meet investors this week as it looks to show that the poor secondary market performance of Petrobras’ new bond will not damage Brazilian companies’ ambitions of returning to markets.

The Options Clearing Corporation, a US clearing house, has found itself placed on negative ratings watch by Standard & Poor’s, over concerns that it could fail should two of its largest clearing members default.

Credit Suisse has appointed a new head of US leveraged loans and high yield bond trading, a source has confirmed.

Peruvian power generation company Kallpa became the first Peruvian issuer apart from the sovereign to issue international bonds as strong local interest helped it to navigate a turbulent market on Thursday.

Latin America bond bankers put on brave faces after Petrobras’ return to bond markets soured when its new 10 year traded down as much as five points just two days after pricing. Oliver West reports.

The City of Buenos Aires is set to sell up to $890m of bonds as soon as Tuesday as it looks to take advantage of what one Buenos Aires-based banker described investors as “drunk” on Argentina risk.

Computer giant Dell timed its acquisition financing to perfection this week as its racked up $85bn in orders from a yield hungry investor base that flocked to the secured structure that delivered investment grade bonds.