Americas

Corporate issuers led a dollar stampede to complete one of the busiest weeks of the year for US high grade issuance, with more to come as Dell prepares to announce a $16bn M&A financing as early as Monday.

ENSO Financial Analytics, an ICAP Group company that analyses data for hedge funds and prime brokers, has added a platform that is targeted at new managers.

US biopharmaceutical firm Johnson & Johnson on Wednesday issued a four tranche bond, including 19 year notes, amid much competition in a market that absorbed 17 deals this week.

The recent stabilisation of financial markets, following February's turmoil, has been good for some investors but not a positive for many trading in the options market.

The province of Mendoza was heard to have built a twice subscribed order book the day before pricing an eight year amortising bond that would make it the second Argentine issuer to have tapped international investors since the sovereign returned to the market in April.

Kallpa Generación, the Peruvian power generation company, will begin investor meetings today ahead of a potential debut dollar bond in what would be the first non-sovereign Peruvian new issue of 2016.

Kraft Heinz Foods printed a €1.8bn two tranche note with minimal concessions on Wednesday — a day that produced more than €7bn of primary issuance and proved that investors were hungry for variety in the sectors they buy.

Detroit car maker General Motors on Wednesday received orders totalling more than seven times its €500m bond as it dodged investor weariness with the glut of supply in the market.

Allianz Risk Transfer, with the help of several partners, has created a novel hedge product to protect wind projects against the risks of intermittent wind resources, which deal watchers say could have a major impact on the market.

German specialty chemicals company Evonik Industries launched €1.9bn of loans into syndication on Wednesday.

Primary issuance of euro corporate bonds is catching up fast with the €134bn issued in the first half of 2015 .

Banco Hipotecario, the mortgage lender 58.4% owned by the Argentine government, is looking to raise between $100m-$200m via a tap of its 9.75% 2020 notes sold last November.