Americas

Mexican real estate investment trust Fibra Uno was forced to issue less than it was hoping for this week, in a deal that exemplified the new reality to which Latin American issuers — even the well-liked, solid credits — must become accustomed.

Tradition and Intercontinental Exchange are both making advances in power and energy derivatives, after unveiling initiatives this week.

A trio of Wall Street’s biggest banks led a dash for dollars this week as a positive market backdrop drew a flood of issuance ahead of the year-end slowdown.

McDonald's led a headlong rush by high grade US dollar debt issuers to grab investors’ attention before the year-end shutdown and a likely interest rate hike by the US Federal Reserve.

Puerto Rico’s development bank made a $354m debt payment this week, narrowly staving off default.

Huw Jenkins will need all of his powers of persuasion and banking know-how if BTG Pactual, where he is a founding partner, is to halt its downward spiral.

The Province of British Columbia (BC) has mandated Bank of China and HSBC as joint leads for its debut Panda bond, Mike de Jong, BC’s Minister of Finance, told GlobalRMB. The deal is expected to launch in January and will be the first Panda from a sovereign credit.

Standard Chartered (StanChart) has cut its Americas and Europe RMB solutions teams in recent months, according to a source. The bank has recently begun a global restructuring process.

Mexican government-owned oil company Pemex held an investor call on Wednesday morning ahead of a planned sterling-denominated trade.

A debt capital markets banker at Morgan Stanley has left to join Mizuho International, GlobalCapital understands.

Brazil iron ore pellet producer Samarco Mineração’s bonds hit the mid 30s on Tuesday as Fitch reduced the borrower’s rating from BBB to BB- a month after two of the company’s dams burst in the state of Minas Gerais, causing heavy human and environmental damage.

EM bond investors said that Fibra Uno’s latest dollar issue represented great value for such a strong credit as the deal tightened several basis points in the aftermarket.