Americas

There was a steady stream of sterling deals in the supranational and agency market this week, amid confidence that volumes will keep up until the UK’s referendum on European Union membership is imminent.

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Long dated dollar issuance could be set for a return in the coming weeks, after minutes of the US Federal Reserve’s rate meeting in April — released on Wednesday night — showed a more hawkish sentiment than the market was expecting.

The futures-implied probability of a US rate hike in June surged this week after hints by Federal Reserve officials.

Intercontinental Exchange is readying to offer a new form of interest rate futures contract aimed at supporting term financing deals such as repurchase agreements.

The US investment banking market is the largest and most lucrative in the world, and the most tightly locked down in the hands of domestic firms. But vaulting up the league tables, of late, has been Mizuho — hoping to break down Japanese bank stereotypes in the process.

Mortgage lender Banco Hipotecario took advantage of the momentum surrounding Argentine bonds on Wednesday with a tap of its senior unsecured 2020s more than six and a half points above where they were first sold in November.

Export Development Canada is set to join what one SSA banker described as a “ridiculous” dollar market, where issuers are selling in big size and with little or no new issue premiums.

Export Development Canada sold its largest bond in sterling in over two years on Wednesday as investor appetite for the currency showed little sign of abating.

Hanesbrands, the North Carolina clothing maker, printed a €500m bond on Thursday to fund recent acquisitions in Italy and Australia.

Argentina made its debut in the international capital markets 192 years ago. It has managed eight defaults since then, so are things any different now?

Latin American DCM bankers drew positive conclusions from Petrobras’ first international bond in nearly a year as the Brazilian state oil giant raised more than twice what it needed to for a liability management exercise.