Americas

The International Swaps and Derivatives Association has appointed a permanent replacement for David Geen, its former general counsel who left earlier this year, while also naming central counterparty senior executives to its board.

The Bank of Montreal has priced its first covered bond in dollars since Canadian covered bond legislation was implemented in June 2012. Having been out the market for so long, the deal benefitted from “scarcity value” and was priced with no new issue premium.

Brazilian pulp producer Eldorado Brasil Celulose is hoping to become the first debut issuer from the country since November 2014 after announcing initial price thoughts of high 8%.

Mexican real estate investment trust Fibra Uno and Colombian state-owned oil company Ecopetrol reopened existing dollar notes on Wednesday to take advantage of euphoric conditions in Lat Am bond markets.

Pay TV and broadband provider Cablevision sold the first true corporate bond from Argentina since the sovereign exited default in April, raising $500m on the same day the Province of Buenos Aires hit the market for the second time this year.

Mexican cement producer Cemex sold €400m of euro denominated bonds on Wednesday as the company’s liability management policy brought it popularity with fixed income investors.

Mexican cement manufacturer Cemex on Wednesday followed in fellow high yield issuer Braas Monier’s tracks with a significant tightening in pricing on its offer.

A pair of public sector borrowers are lining up to sell dollar floating rate notes on Thursday, following a series of floating and fixed rate deals in the currency on Wednesday.

Berenberg has appointed James J. Ramp to take up a new brand new post for the firm as head of US equity capital markets.

truePTS has appointed a former IntercontinentalExchange official as its first chief executive officer since becoming an independent post-trade derivatives business.

Bank of Montreal (BMO) has opened books for its third covered bond benchmark of the year but its first in dollars in four years. The deal follows a string of successful transactions in the US currency issued by BMO’s Canadian peers at progressively tighter spreads and in larger sizes.

Latin America DCM bankers said that Vale had timed its return to bond markets to perfection after the Brazilian mining giant pounced on the huge rally in Lat Am credit that followed disappointing US non-farm payroll on Friday.