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China’s newly launched Cross-border Interbank Payment System (CIPS) is fundamental to the internationalisation of the renminbi as it centralises liquidity and will save costs, says Marcus Sehr, global head of institutional cash, global transaction banking at Deutsche Bank.

Singapore-based agricultural products supplier Olam International has raised a $1bn loan from a group of 19 lenders.

Two equity-linked bonds came to market in as many days this week, after a long period of slow issuance. Both were priced at the best terms for the issuers, highlighting how avidly investors will buy the paper when market conditions are right.

Mexican government-owned development lender Nafin (Nacional Financiera) became the first Latin American financial institution to sell a green bond on Thursday in what one banker said was a landmark deal for the product in the region.

Several Latin American companies are trying their utmost to reduce dollar exposure amid FX weakness in the region, with many extending the early bird deadlines of tender offers to entice bondholders to sell back bonds.

Autodistribution, the French car parts distributor, has priced its €237m of pay-if-you-can notes, to finance its buyout by Bain Capital.

Peru on Tuesday became the latest Latin American sovereign to issue in euros and more could be on the way as the region’s borrowers look to make their mark in Europe in case dollar markets become more expensive.

Standard & Poor’s infuriated corporate issuers and hybrid capital bankers this week by stripping the equity credit it had assigned to 29 corporate hybrid issues, in some cases only a few months ago.

Swiss insurer Ace Group printed the US market's biggest insurance deal of the year with a $5.3bn four trancher to help finance its $28.3bn acquisition of Chubb.

Issuers and investors were baffled this week by Standard & Poor’s decision to remove equity credit from hybrid capital bonds issued by 14 corporate borrowers — a decision that almost comically summed up the often self-referential, circular and abstruse reasoning that has driven the asset class’s history.

Another IPO fell by the wayside on Monday when Electricité de France and other shareholders decided not to proceed with floating EDF Luminus, which claims to be “the number one challenger in the Belgian energy market”.

African Development Bank brought the solitary dollar benchmark of the SSA market this week, opting for a two year deal — which may become a sweet spot as the US Federal Reserve turns hawkish.