Americas
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Solvay, the Belgian chemical company, enjoyed the benefit of the European corporate bond market's blistering return to form this week, when it raised €3.25bn of hybrid and senior debt for its acquisition of Cytec Industries. -
Lloyds Banking Group printed a 30 year tier two deal as a flurry of FIG borrowers dominated the dollar market ahead of the Thanksgiving holiday.
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Argentina will offer a rare high point for Latin American new issuance volumes next year, predict bankers and investors, after voters in South America’s second largest economy elected the most business friendly candidate as their next president.
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MasterCard, the US credit card payments company, raised €1.65bn on Monday with its first euro bonds — and only its third bond issue ever.
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A Canadian province braved the five year spot in dollars on Friday. A healthy spread over US Treasuries prompted strong demand despite negative five year swap spreads, which has caused other issuers to avoid this part of the curve.
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The corporate dollar market ground to a halt ahead of the US Thanksgiving holiday as investors moved to risk-off mode after Vodafone pulled a deal and geopolitical tensions in the Middle East kept borrowers on the sidelines.
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Symrise, the German fragrances and ingredients supplier, has doubled the size of its Schuldschein issue after receiving strong demand from investors.
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The US Commodity Futures Trading Commission has proposed rules to increase oversight and risk controls for high speed electronic trading — particularly the use of algorithms — in a bid to limit disruptions in the futures market.
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The arrest of one of the most respected figures in Latin American banking on Tuesday could be the start of a new painful chapter in Brazil’s corruption scandal, Latin American bond market participants have warned.
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CLS Group, the foreign exchange settlement firm, has teamed up with financial information services provider Markit to launch an FX settlement service for cross currency swaps.
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Mortgage lender Banco Hipotecario on Tuesday sold the first international bond from Argentina since Mauricio Macri was elected president, as optimism continues to be tempered by the challenges the leader will face.
