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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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  • David Cameron, leader of the U.K. Conservative Party, has backed a global tax on banks to cover future bailout costs, as the idea gains global momentum.
  • American International Group received USD277 million from the sale of a portion of its investment advisory business to Pacific Century Group, the Hong Kong-based private investment firm.
  • The Bank of France and the Autorité des Marches Financiers have approved LCH.Clearnet to clear European credit derivatives indices through its French service based in Paris.
  • Malaysia’s Prime Minister Datuk Seri Najib Tun Razak hinted at a plan to grow the country’s financial services industry and earmarked the derivatives market as an area ripe for expansion.
  • The launch of the Singapore Residential Price Index has been welcomed by the market, with property experts believing it will serve as a reference index that will help expand property-based financial products, such as property derivatives.
  • IntercontinentalExchange CEO Jeffrey Sprecher said the exchange has developed its derivatives clearinghouse to support the failure of its two largest members.