Americas

Government-owned development bank Nacional Financiera (Nafin) is plotting what would be the first ever green bond from Mexico and — unlike the previous two such bonds from LatAm — will be ringfencing the proceeds.

LCH.Clearnet Group, the clearing house, has appointed former Federal Reserve Bank of New York senior official Christine Cumming to the board of directors of its US operations.

Nederlandse Waterschapsbank bounced back from a pulled deal last week to print its largest trade in any currency to date on Tuesday, as a Canadian province mandated for a euro deal.

Uruguay sent a sign that broad volatility in emerging markets would not put Latin American sovereigns off the new issue market with a $1.7bn amortising 12 year deal that it will use to buy back old bonds.

Despite a lack of enthusiasm over future earnings and concerns over problems abroad, stock options in the US have already returned to the low volatility range they inhabited before the late August spike.

CME Group has launched an 'ultra' 10 year futures market product aimed at US rate hedgers and traders.

US cruise ship operator Carnival Corp has announced that it will roadshow for a potential euro bond offering that would mark its return to the euro market after a nine year hiatus.

Legal action being taken against US chemicals firm Chemours over health issues arising from water contamination has led to steep falls in its bond prices, but some market participants on Monday said they were confident the firm would recover quickly.

Wells Fargo secured strong demand for its longer dated senior paper on Monday, making it the second North American bank to target euros after third quarter results were published last week.

China’s BeiGene is eyeing a listing on the Nasdaq, with the drug maker tapping three banks for a $100m IPO.

Markets may have contributed to falls in profits in the investment banking divisions of the US majors that reported third quarter results this week, but there were some silver linings among the clouds, including a year-on-year reduction in legal bills of billions of dollars between them.

Peru looked set to test the euro market for the first time in more than a decade after announcing plans for an extensive European roadshow.