Americas
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Central American sovereign Guatemala sold its first international bond in three years this week, with market participants saying a strong technical bid from local investors helped it to a relatively tight yield. -
Dollar FIG volumes caught up with last year’s levels this week, after completing a dramatic turnaround with the help of a flurry of bank issuance in April.
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BP and Philip Morris ensured a strong end to the month for the US high grade bond market with benchmark trades as they caught a market crying out for supply following quarterly earnings blackout and the April meeting of the Federal Reserve.
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Markit and the International Swaps and Derivatives Association have offered concessions to the European Commission in the hope of settling an EU anti-trust investigation into credit default swap trading.
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Ullink, the trading technology and infrastructure company, has begun providing direct connectivity to trueEX, an interest rate swap execution facility.
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China’s Yintech Investment Holdings closed unchanged on its first day of trading on the Nasdaq on Wednesday, after pricing its $101.3m IPO at the mid-point of the range.
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Guatemala will undertake a second day of investor calls on Thursday ahead of what is likely to be the its first international bond since February 2013.
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The Province of Quebec has returned to the medium term note market after a long absence, printing in Hong Kong dollars.
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Dollar-yen currency option prices have risen sharply this week in line with shifting expectations for the Bank of Japan meeting on Thursday, after details were leaked by anonymous officials of a possible negative loan rate to encourage banks to lend.
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Mexican cement company Cemex is looking to buy back up to $400m of senior secured bonds, the latest exercise in liability management.
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Grupo Sura, the owner of the largest pension fund in Latin America and the largest bank in Colombia, raised $550m of 10 year senior unsecured bonds on Tuesday as Latin American high grade corporates finally took advantage of a receptive market.
