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◆ 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
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New contracts cannot yet be traded in US
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  • Markit and IntercontinentalExchange have announced that an auction to settle credit default swaps referencing Greek sovereign debt will be held March 19.
  • Few institutional investors are said to be prepared to adopt new regulations for over-the-counter derivatives and instead are relying on banks and brokers to assist them in adapting the measures, according to a survey by Rule Financial, a capital-markets consultancy.
  • Northern Trust has named Nigel Tyler as a senior index equity portfolio manager. Based in London, Tyler previously was a senior portfolio manager for global equity beta solutions at State Street Global Advisors.
  • Bank of America Merrill Lynch has lost six debt bankers, including Jimmy Chois, head of high yield for Asia; Kang-Jae Kim, a director covering Southeast Asia in Singapore; and Leonard Ng, a v.p.
  • Deutsche Bank has named Jeffrey Bunzel as managing director and head of equity capital markets for the Americas.
  • Fitch Ratings has released an exposure draft of the criteria it used for analyzing counterparty risk in structured finance transactions.