Americas

Hutchison China MediTech (Chi-Med) has pocketed $101.25m from its Nasdaq IPO, debuting on the exchange on Thursday. But it had a lukewarm start, dropping 0.74% at the end of its first trading day.

Real estate company IRSA CP this week became the latest Argentine issuer to raise debt in the international markets as bankers continue to work behind the scenes on the sovereign’s forthcoming return to markets.

The timing of Brazil’s return to bond markets last week was looking better by the day this week as the controversy surrounding the appointment and then suspension of former president Luiz Inácio Lula da Silva to Dilma Rousseff’s cabinet brought volatility back to the curve.

Landesbank Hessen-Thüringen Girozentrale (Helaba) and WL Bank met contrasting outcomes for their euro denominated German Pfandbriefe issued this week.

Apple leapt back into the dollar market on Thursday to take advantage of huge levels of demand as investors grabbed for yield and confidence was then boosted further by a dovish statement from the Federal Reserve.

The US Federal Reserve added fuel to an already dramatic rally across asset classes this week, as it scaled back its expectations for rate hikes this year. This came a week after European Central Bank president Mario Draghi had worked the market into a frenzy by increasing the scope of the bank’s asset purchase programme.

The US Commodity Futures Trading Commission (CFTC) has added to the push for cross-border harmony with European Union regulation by approving a substituted compliance framework for central counterparties that are also registered in Europe, thus freeing them up from the restrictive burdens of double regulation.

UK utility company SSE is in the market for its first private placement since its debut in 2012 and investor appetite for the firm’s paper appears as strong as before.

Latin American euro denominated issuance looks here to stay, no matter the arguments made against it by US bankers, after Colombia sold its first bond in the single currency since 2001 on Wednesday.

A broad estimate of derivative market sentiment rebounded in March, but remains well below historical average levels.

CME Group has agreed to integrate truePTS, the post-trade business that was spun off from swap execution facility trueEX in December, into its preferred global network of regulated trade repositories.

Options traders are increasingly pricing renminbi in line with G7 foreign exchange, a trend that could boost the intensity of swings in market positioning, strategists have warned.