North America
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European Commission officials have played down concerns expressed by the Commodity Futures Trading Commission over a controversial EC proposal that seeks to revise European oversight of foreign clearing houses. The comments garnered a curt response from a senior CFTC official. -
360 Finance has filed for a $200m IPO on the New York Stock Exchange through Citi and Goldman Sachs.
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US regional lenders tapped the dollar market after reporting third quarter earnings this week, as bankers said that there were only a few remaining windows for issuance left in 2018.
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Constellation Brands proved a rare highlight as a global market sell-off put the brakes on investment grade dollar bond issuance and sent borrowers scampering to the sidelines.
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Three public sector borrowers shrugged off a rally in US Treasury yields to issue a combined $8.25bn in the primary market this week.
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Tesla’s unsecured bond due 2025 climbed by two points in secondary trading on Wednesday and Thursday after the company reported it had made $312m of profit in the third quarter, beating market expectations.
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The Province of Alberta was set to price its joint biggest ever dollar benchmark on Thursday, with a $2.25bn November 2023.
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This month’s global equity sell-off has devastated markets and investors' performance for the year, and Europe’s large equity capital markets houses are thinking of calling time on a challenging 2018 to give a battered buy-side some time to recover, writes Sam Kerr.
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Japan Bank for International Cooperation took advantage of the lack of competing supply and good demand in dollars to suck $3bn out from the primary market on Wednesday. Meanwhile, the Province of Alberta has mandated banks for its third benchmark of the year.
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Global equity market volatility has cast a long shadow over the end of 2018, making equity capital markets issuance more difficult.
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As investors push on with fighting the Banco Popular resolution decision, Pimco has succeeded in convincing a New York District Court to extract information from one of Santander’s US arms — but failed to convince to the court to force any transparency from the Spanish bank itself.
