Americas

Masisa, the Chilean woodboard producer, is looking to buy back up to $100m of its 9.5% 2019s as part of its attempts to reduce debt in reaction to a rapidly increasing leverage ratio.

BGC Brokers, the interdealer broker, is making a push into the competitive world of over-the-counter derivatives portfolio compression and has already taken out over €800bn notional of swaptions.

European high yield specialists hope the continent's market can repeat in 2016 its sharp outperformance compared with the US market last year — but history suggests that the two markets tend not to diverge for long.

Options traders took Monday's oil volatility seriously, sending prices for near-dated contracts to some of the highest levels of recent months.

The Toronto-Dominion Bank priced a €1bn five year covered bond on Tuesday, with the issuer able to tighten pricing from initial price thoughts on the back of strong demand for the non-ECB eligible paper.

GlobalCapital’s Toby Fildes interviewed the heads of debt capital markets at 20 of the top 25 banks in late November and December, to ask their views on how the market will evolve in 2016. Here are their thoughts. Information design Jon Hay, Sam Medway

Credit Suisse and UBS dominated Dealogic’s European FIG bookrunner rankings for 2015, helped by their issuer parents cranking up their issuance of holdco and capital instruments.

Despite the currency tanking against the dollar in 2015, investment in Brazilian real denominated medium term notes is at a healthy level.

The GlobalCapital editorial team has picked what it believes to be the standout bond issues of 2015 across the financial institutions, public sector, emerging markets and corporate bond markets. We selected the trades that we think will be remembered for their success in challenging conditions, for making the best use of the demand available to them, or for having made a longer lasting impact, such as the re-opening of a market. The FIG Deals of the Year 2015 winners are presented here.

Qihoo 360 Technology is raising a $3.4bn equivalent renminbi loan to back its delisting from the New York Stock Exchange, picking China Merchants Bank to supply the funds.

Mexican infrastructure and construction giant Empresas ICA is heading for default after the company said it had decided not to pay a $31m interest payment due November 30 before the expiration of the grace period on December 29.

The Canadian covered bond market is one of the few that is expected to continue growing in 2016. With Canadian banks likely to issue a similar amount of euro benchmark paper as Italian banks the region is expected to produce the fourth equal largest amount of supply next year.