Americas

The Province of British Columbia (BC) has announced price guidance for its upcoming Panda bond, which is set to go live on Thursday.

BeiGene is looking to raise $132m from a Nasdaq IPO, with the firm kicking off bookbuilding on Tuesday for what will be the year’s first listing of a Chinese issuer in the US.

Forcing more companies to register as swap dealers would be "destabilising" to banks and "would undermine rather than promote proper risk management" among banks and their customers, according to counsel for the American Bankers Association.

Derivatives traders are positioning for more pressure on crude oil prices as Iranian production comes on line and the global supply glut continues.

Colombian state owned oil company, Ecopetrol said it wanted to reiterate its commitment to cost cutting and protecting its cash flow after Moody’s left it perilously close to losing one of its investment grade ratings.

Markets and banking helped drive Citi’s better-than-expected fourth quarter earnings, but the results still failed to convince investors that the bank has a clear path to growth.

Chinese company Haier has enlisted three lenders to fund its $5.4bn acquisition of Kentucky headquartered GE Appliances.

Heavily indebted Colombian-Canadian oil company Pacific Exploration & Production disappointed some bondholders on Friday by announcing it intended to miss coupon payments due this month and use the 30 day grace period “to assess strategic alternatives”.

The Province of British Columbia (BC) is set to price its debut Panda bond on Thursday, January 21. The up to Rmb3bn ($457m) three year offering is being marketed at a range of 2.6%-3.0%, several sources have told GlobalRMB.

Latin America’s best-rated sovereign reopened the region’s capital markets this week with a dual-currency trade that showed large financings are still on offer — though it also provoked debate over issuance strategies in tough markets.

Lat Am bankers said that the 15bp-20bp new issue concession achieved by Mexico in its first deal of the year was unlikely to be bettered by anyone soon after the sovereign raised $2.25bn in a tough market.

This was the supposed to be the week of the bears. Research analysts warned of economic doom, declaring that the savage sell-offs of the new year were just a foretaste of carnage to come.