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The China Foreign Exchange Trade System (CFETS) published the details of an exchange rate index for the renminbi for the first time on December 11. The index is based on a basket of 13 currencies, with the dollar, euro and yen taking the lion's share.

Brazilian sugar and ethanol producer Tonon Bioenergia has filed for bankruptcy after many months of battling low prices, and Standard & Poor’s is pessimistic on bondholders’ recovery chances.

Pfandbriefbank, the Swiss mortgage lender, printed a dual tranche covered bond on Friday, drawing strong demand from local insurance companies and pension funds for the longer tranche of the deal.

Standard Chartered and Lonmin both begin new chapters in their stories today, with fresh capital from rights issues. In both cases the underwriting banks had to work for their fees, as the stories required explaining and each deal ended in a rump placement today.

Ethos Private Equity sold in a block trade on Tuesday night its last shares in Transaction Capital, the Johannesburg-listed commercial finance company.

Abengoa has triggered a failure to pay credit event, ISDA's Determinations Committee has ruled, only days after the company narrowly avoided a bankruptcy trigger for most credit default swaps.

YiChang HEC ChangJiang Pharmecutical Co has settled on a price range for its H-share float, with bookbuilding to kick off on December 14.

China Zheshang Bank is following the recent slew of Chinese lenders listing in Hong Kong, having filed a preliminary prospectus with the city’s stock exchange on Thursday.

Industrial and Commercial Bank of China’s London branch started receiving bids for a three year bond on December 11, in what is the third dollar deal by a unit of the Chinese lender in just over a month.

Airport Authority Hong Kong (AA) has tied up a HK$5bn ($645m) five year fundraising with a group of 21 banks that were undeterred by the sub-100bp pricing.

In this round-up, RMB futures trading on international exchanges picked up in November, RMB clearing in Hong Kong picked up in the same month, ICBC is working on a Belt and Road financing venture, and Deutsche Bank helped a German corporate set up centralised RMB treasury functions in China. Plus, a recap of GlobalRMB’s top stories this week.

Thursday’s trading proved wrong the idea that all Brazilian bad news was priced in, as government and Petrobras bonds sold off in reaction to a double dose of news from Moody’s on Wednesday.