Americas

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.

In this week’s round-up, Taiwan report rise in RMB deposits, investors hand back QFII quotas, JP Morgan Asset Management launches three MRF funds, calls for China to communicate better from Ben Bernanke and Christine Lagarde. Plus, a recap of GlobalRMB's top stories this week.

British Columbia became the first issuer to sell a Panda with a sub-3% coupon on Thursday as its triple-A rating assured investors who were largely unfamiliar with the credit. The Canadian province is parking the proceeds offshore after failing to get tax waiver from China regulators, picking a new bank as the home for its deposit.