Americas

Postal Savings Bank of China has selected five banks to lead its jumbo $15bn IPO, which is set to become the largest listing in Hong Kong in five years.

Concerns are mounting among some US options market participants that regulation is having adverse effects on their business and fueling a rift between financial market performance and economic data.

Mizuho Securities USA, the US investment banking subsidiary of Mizuho Financial Group has expanded its US equity platform with senior hires in equity derivatives and convertibles.

Automotores Gildemeister, the Chilean car seller, is edging closer to an agreement with its bondholders that would see it emerge from default after more than 90% of bondholders agreed to a distressed exchange.

Mexico-headquartered home appliances company Controladora Mabe is offering bondholders a fee to enable Chinese group Qindao Haier to buy General Electric’s share in the borrower.

Toronto Dominion Bank opened books for the fourth three year floating rate sterling benchmark of the year and was set to price the deal at the widest spread of the year. Kreissparkasse Koeln has announced a sub-benchmark sized eight year Pfandbrief.

US stock futures fell on Monday amid mixed markets, after Asian equities rallied but oil fell more than a dollar, to nearly $31 per barrel.

The US Commodity Futures Trading Commission (CFTC) has granted full registration to 18 swap execution facilities (SEFs), upgrading them from the temporary registrations they held before.

The Chicago Board Options Exchange has bought an equity stake in Vest Financial Group, a firm that provides products to help investors hedge themselves using options.

Honeywell International has hired four banks to arrange its return to the European bond markets after a 15 year absence.

The Province of Ontario last Friday took advantage of a calm end to a volatile week, pricing its second green bond in Canadian dollars at the very tight end of guidance.

Markets opened with a more positive tone on Monday after comments from Saudi Arabia buoyed oil prices and the European Central Bank boosted confidence last week. But with many US bankers snowed in at home, EM issuers are holding back.