Americas

Hewlett-Packard ensured a memorable end to the third quarter as it printed one of the biggest deals of the year but paid a hefty new issue concession as it re-opened the dollar market after a tumultuous start to the week.

Santander fell victim to market spasms this week, pulling a dollar trade amid extreme volatility.

After a doom-laden selloff on Monday, a modest rebound for US large-cap equities failed to calm volatility levels.

Regulation of leveraged finance in the US remains one of the main topics of conversation, as well as a mixed blessing, for the European market, delegates at the 9th annual Leveraged Finance Conference in London were told on Monday.

The recent, sudden swoon by widely referenced credit default swap names Glencore and Volkswagen has regalvanised market participant’s call for measures that will improve single name liquidity.

The Province of British Columbia brought an inaugural euro benchmark on Thursday, as a supranational issuer reopened a green bond in the currency.

The European Commission’s proposals to harmonise covered bond regulations across Europe could benefit the market — but will have the biggest impact on covered bond issuers from outside Europe.

Santander’s dollar senior holdco deal became the latest casualty of investors' growing risk aversion this week, and pressure is growing on those still looking to issue debt by the end of the year.

Canaccord has returned to profitability after a period of personal tragedy and collapsing revenues, but questions remain about whether the mid-market integrated model can support global ambitions, writes David Rothnie

A modest rebound for US large-cap equities in early trading on Tuesday failed to calm volatility levels.

The euro benchmark market is set to welcome a debut issuer this week, while a rare borrower in the currency was able to increase a syndication from its initial €500m target.

There was a time when Bogotá’s public transport system looked a bit like that computer game where the frog has to get across a highway without being flattened. The streets were gridlocked with buses, and not with any sense of co-ordination among them.