Americas

CME Group is adding to its base metals business with an aluminium alloy futures contract.

European-listed exchange traded funds had their busiest month ever on Tradeweb in April, the marketplace firm said.

Post-crisis regulation, funding pressures and liquidity demands are leading investors to favour derivative products over underlying assets in novel ways, said analysts.

The City of Buenos Aires is set to become the third Argentine sub-sovereign to tap international bond markets since the sovereign sold $16.5bn of debt in April.

The Singapore dollar bond market’s recent resurgence of private bank demand has prompted a slew of subordinated debt issuance with Manulife Financial Corp launching a rare insurance tier two and Mapletree Logistics Trust opting for a perp non call five and a half on Monday.

Deutsche Bank returned to the dollar market with its biggest-ever deal in the currency as it exploited favourable funding conditions.

Brazilian bonds ended roughly flat on Thursday after a majority of senators voted for an impeachment trial of president Dilma Rousseff as many investors said the move was already priced in, but there was enthusiasm among bankers about the possibility of a renaissance in issuance from the country.

Bankers said that Argentina’s grand capital markets plan was functioning perfectly after Mendoza became the second province to tap international capital markets since the sovereign raised $16.5bn in April.

Peruvian power generation company Kallpa Generación could become the latest Latin American company to sell debt as corporate issuance in the region goes through a relative revival.

Lat Am DCM bankers had held hopes that FDN itself would tap international bond markets this year, but with the proceeds from the sale of state energy company Isagen set to be used to provide the development bank with nearly $1bn of regulatory capital, these plans have been postponed.

The CEO of the Colombian development bank in charge of leading financing for the country’s flagship 4G infrastructure programme told GlobalCapital he was upbeat about progress as he revealed a second international bond related to the programme was in the works.

The geographical spread of US private placement issuance has been shaken up in 2016, according to two USPP bankers based in London.