Americas

Dutch bank ING is to expand its presence in Colombia as it looks to take advantage of the South American country’s vast infrastructure needs.

Senior policymakers at the ADB annual meetings appeared non-plussed about a Donald Trump US presidency and were reluctant to be drawn — although one expert doubted the Republican challenger knew what the ADB was.

April brought a continued positive shift in the difference between credit default swap spreads and cash spread equivalents, the CDS-bond basis, among US dollar denominated corporate bonds.

The International Swaps and Derivatives Association has launched a protocol to help market participants comply with regulations that enforce stays on contractual termination rights between counterparties in different countries.

Manulife US Real Estate Investment Trust kicked off its second try at a Singapore listing on Tuesday with the launch of a bigger, bolder trade, this time expecting to raise up to $470m.

Mendoza has joined Neuquén in the rush to become the first Argentine region to follow the sovereign’s recent $16.5bn bond market comeback and has mandated banks for a dollar bond.

UniCredit has appointed Filippo Pappalardo as head of Americas multinationals.

Moody’s said on Wednesday that Ardagh’s issuance of $4.5bn of bonds late on April 29 was credit positive for the B2/B rated Irish glass and metal packaging manufacturer.

Latin American development bank Corporación Andina de Fomento (CAF) is expected to rake in a substantial order book for its first dollar benchmark in over a year, according to bankers close to the deal.

In a hearing held last week, the US House Agriculture Committee’s Subcommittee on Commodity Exchanges, Energy, and Credit heard testimony about the effects of Dodd-Frank regulations on end-users of derivatives.

Warren Buffett, who once referred to derivatives as financial 'weapons of mass destruction', still claims to dislike their complicated structures, but sophisticated options trades and bank stakes belie this stance.

Money market fund reform regulation which comes into force in October this year will have serious consequences for banks’ funding. What are they doing about it?