Americas

Markets divisions of many banks have struggled to grow in the years since major post-crisis regulation was passed, but in 2015 equity derivatives was a brighter spot.

Peru opened books on its second euro deal in four months on Tuesday, after announcing an investor call on Monday which caused its secondary curve to widen 20bp.

Goldman Sachs had $10.6bn of credit exposure to the oil and gas industry as of December 2015, according to its annual regulatory filing.

Chinese logistics firm ZTO Express has sent out a request for proposals for an IPO that could raise as much as $1bn, according to sources.

The Chicago Mercantile Exchange Group (CME) said last week that it is launching a new futures contract in March designed to offer exposure to newly offered equity shares and corporate spin-offs.

Bolsa Mexicana de Valores, the only exchange in Mexico and the second largest in Latin America, expects growth in derivatives revenues and has retained bullish ratings from bank analysts as a result.

Options market participants have demanded higher premiums to bear exposure to volatility in the British pound after talks in Brussels failed to produce a decisive deal to help UK prime minister David Cameron win the upcoming referendum.

The past week has brought no sign of leveraged loan new issuance in either the US or Europe, and several deals have struggled in syndication.

The Republic of Peru could become the third Latin America sovereign to issue in euros in 2016 after holding an investor call at 10.30am UK time on Monday.

Yangtze River Development is looking to raise as much as $57.5m for a project in Wuhan, China, by listing on the New York Stock Exchange, according to a filing with the US regulator.

In this round-up, PBoC sets a volatile fix for USD/CNY suggesting it has changed its methodology again, JP Morgan AM gets approval for a new MRF product, BlackRock boosts holdings in Chinese ADRs by 500% and Safe plans more RMB convertibility schemes in FTZs. Plus, a recap of the top GlobalRMB stories this week.

Apple’s $12bn nine tranche bond this week deserved plaudits for kick-starting the US corporate bond market after weeks of nerves over volatility.