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Asian buyers driving callable SSA market have resurfaced in public benchmark deals
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SSA
New contracts cannot yet be traded in US
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  • Nomura Bank International has begun marketing four-year structured notes linked to a basket of five financial names and offering a return of 34% if held to maturity.
  • BlueMountain Capital Management is set to launch two new credit funds.
  • BNP Paribas has hired Llywelyn ap Gwilym, a former structured credit trader at Commerzbank in London, as an asset-backed securities flow trader.
  • The U.K. Conservative Party will appoint permanent Treasury ministers to Brussels and every E.U. state to lobby the European Commission on over-the-counter derivatives legislation, if the party wins the British general election in May.
  • StormHarbour Partners, the boutique formed by ex-Citigroup trading executives Antonio Cacorino and Frederick Chapey, has opened for business in Hong Kong with 14 staffers on board.
  • The Securities and Exchange Commission’s decision to review the extent and nature of derivatives usage by mutual funds and exchange traded funds has created a sweet spot for those already holding an exemption to the Investment Company Act of 1940.