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The International Swaps and Derivatives Association has published a new version of its protocol addressing withholding tax on equity derivatives, in response to US tax law changes.

BorgWarner, the US car engine and drivetrain maker, furthered the return of reverse Yankee bonds to Europe's corporate market on Monday, by issuing a €500m seven year no-grow deal.

Finnish real estate company Sponda has signed an €80m unsecured loan agreement with three banks to refinance its syndicated loan that matures this month.

Veritas, the IT systems management provider, caught some officials unaware as it held bank meetings on Tuesday for a $2.45bn cross-border term loan ‘B’ backing its $8bn acquisition by the Carlyle Group.

One to two year CNY swaps have been bid on the back of the PBOC's lower USD/CNY fixing today. The short-end has underperformed and the curve has flattened as a result, writes Deirdre Yeung of Total Derivatives.

Istituto Centrale delle Banche Popolari Italiane (ICBPI) began offering its €1.1bn PIK bond with fixed and floating rate tranches on Tuesday, the first time such a structure has been used in the European high yield market, according to bankers.

Russian steelmaker Evraz has been in talks with banks for a syndicated loan for some time, but bankers said this week that the firm will likely stick to bilateral loans instead.

The Financial Stability Board made three changes to its list of global systemically important banks (G-SIBs) on Tuesday.

Chinese state-owned enterprise Shandong Gold Group is planning to issue its first international bond with the help of a standby letter of credit from Bank of China’s Shandong branch.

The Export-Import Bank of Korea (Kexim) timed its first outing to the offshore bond market after a sovereign rating upgrade perfectly. This time around, the Korean policy bank kept money on the table to woo US investors rather than relying on strong onshore demand to be aggressive with pricing.

The Hashemite Kingdom of Jordan has released initial price thoughts of 6.75% area for a new January 2026 bond. The bond is the country's first international deal in five years not to have a US government guarantee, according to Dealogic data.

Standard Chartered moved to shore up its capital ratios on Tuesday, as it launched a long-expected rights issue, totalling £3.3bn ($5.1bn). Bank of America Merrill Lynch and JP Morgan have fully underwritten the deal.