BBVA

The Financial Stability Board made three changes to its list of global systemically important banks (G-SIBs) on Tuesday.

Latin American sovereigns’ march back towards European bond markets continued on Tuesday as Peru achieved its lowest ever coupon on an international bond with its long 10 year. But opinion is split on the value of the euro market.

European and US banks paid up this week as they unleashed a torrent of dollar supply amid improving market conditions.

Global markets are looking more settled and, in spite of little supply this week, bankers suggest that a FIG market reopening trade is imminent.

Santander and BBVA both looked to the dollar market to secure senior funding on Tuesday amid a bare session for European FIG issuance.

Covered bond issuers failed to take heed of poor market conditions and, just like lemmings, followed one another with poorly performing deals this week.

Kuxtabank this week issued the first Spanish covered bond backed by loans with an environmental, social and governance remit, and the first peripheral 10 year since March.

Chris Hewitt, formerly head of global syndicate at Sberbank CIB, has resurfaced at BBVA as a corporate syndicate manager.

A resurgent Spanish corporate finance market is putting the expansion plans of Spain’s national champions to the test, at home and abroad, writes David Rothnie.

Mexican building materials company Cemex, has signed $3.79bn of loans including a €620m tranche after an upgrade to BB- from Fitch.