Americas
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Solera Holdings, the car insurance software maker, may be on the verge of abandoning its attempt to issue a $2bn high yield bond, according to three market sources in London. -
Carnival Corporation, the US cruise ship operator, returned to the euro bond market for the second time in under four months with a €500m five year deal on Monday.
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European credit and equity markets improved for a second day on Monday, after the European Central Bank said that it would consider further stimulus at the next meeting in March.
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Chinese pharmaceutical company Hutchison China MediTech (Chi-Med) has picked a quartet of co-managers for a $100m listing on the Nasdaq.
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Argentina may be able to access international capital markets even if US creditors continue to reject restructuring proposals, said analysts this week.
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Dollar bonds from Latin America remained elusive this week as global market turmoil kept borrowers on the sidelines.
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Dollar issuance slumped to its lowest level since the Lehman Brothers crisis this week as investors stayed on the sidelines amid continuing volatility.
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European credit and equity markets suffered a sustained battering this week with financial borrowers facing ever greater scrutiny in the wake of poor results and concerns about their ability to meet coupon payments.
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Despite the flimsy state of Europe's high yield market, its sister leveraged loan business remains vibrant, and this year is the most open of the four main leveraged finance markets: bonds and loans in dollars and euros, writes Max Bower.
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Financial market regulators finally have something to cheer about, after a host of recent setbacks, as Europe and the US this week took a big step towards aligning their treatment of central counterparties (CCPs). But the move could also heighten competition for clearing banks in Europe.
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Barclays has promoted Jim Glascott, global head of debt capital markets, to chairman of global finance and risk solutions Americas. Following the appointment, Mark Lewellen, EMEA DCM head, will have a bigger, global job.
