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Asian buyers driving callable SSA market have resurfaced in public benchmark deals
◆ Public sector issuers embrace hedge fund bid... ◆ ... as they flex in the swap market ◆ Car makers welcomed back to bond market
CEB plans to print more structured notes and may launch inaugural Sofr bond in 2026
SSA
New contracts cannot yet be traded in US
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  • The U.K.’s Serious Fraud Office has announced it will formally launch an investigation into a number of financial institutions and their involvement in allegedly manipulating the London interbank offered rate, with an eye to possible criminal charges.
  • Barclays is considering whether to split in two and listing its investment bank in New York while the rest of the U.K. bank would remain listed in London.
  • Thomson Reuters has agreed to pay USD625 million for FX Alliance, the U.S. electronics fx trading platform.
  • JP Morgan has hired Shaun Barlow, managing director of European Union credit trading at Goldman Sachs in London. He will join in a similar role.
  • The Royal Bank of Canada has hired Jefferson Shaw, an ex-director in equity derivative sales at Société Générale in New York, as a senior hedge fund flow salesman in New York.
  • Stuart Oakley, managing director and head of emerging markets fx trading Asia at the Royal Bank of Scotland in Singapore, is set to Nomura join in a new role.