Americas

Colombia’s sovereign bonds closed tighter on the day on Tuesday despite lower oil prices driving Standard & Poor’s to place the government’s BBB credit rating on negative outlook.

Barclays has announced a swathe of debt capital markets promotions, several new desk heads, and a new structure for EMEA, following last week's changes to the DCM management team.

A protracted slump in equity markets has pushed some risk measures in the US and Asia to extremes.

The derivatives hedging strategies of big name oil producers in recent years have left them levered on swings in the spot price of oil — a position that makes them a risky but potentially lucrative bet for investors.

Mexico is looking to sell its fifth euro denominated bond in four years after releasing initial price thoughts for six and 15 year tranches on Tuesday.

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.

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.

Chinese pharmaceutical company Hutchison China MediTech (Chi-Med) has picked a quartet of co-managers for a $100m listing on the Nasdaq.

Argentina may be able to access international capital markets even if US creditors continue to reject restructuring proposals, said analysts this week.

Dollar bonds from Latin America remained elusive this week as global market turmoil kept borrowers on the sidelines.

Dollar issuance slumped to its lowest level since the Lehman Brothers crisis this week as investors stayed on the sidelines amid continuing volatility.