North America

Prologis, the US warehouses Reit, found a very warm reception to its first euro benchmark issue since 2015 this week, leading bankers to surmise that other reverse Yankee issuers might follow it to the euro market.

Pinduoduo, one of China’s hottest technology start-ups, sealed its $1.6bn IPO at the top end as expected, but not all American Depository Share (ADS) listings were so lucky this week as investors remained on edge.

Goldman Sachs was able to take €1.5bn of funding out of the senior market on Wednesday in the first FIG deal of the week, taking advantage of a more benign secondary backdrop.

The £1bn rights issue of DS Smith, the last big ECM deal scheduled before the summer has been completed. The UK and European market is now preparing for what is expected to be a "very busy" September.

Pintec Technology Holdings is gauging investor appetite for its IPO on the Nasdaq ahead of roadshows that are expected to start next Wednesday.

Populist politicians challenging their central banks and blaming foreign businesses for their country’s woes is not normally something investors expect from the United States, but President Trump forces investors to think about political risks which are far more common in emerging markets.

Intercontinental Exchange has completed its $685m acquisition of TMC Bonds, a fixed income trading platform that adds to its drive into market infrastructure.

Prologis, the US real estate investment trust that owns logistics properties, held a call with investors this morning to explore the sale of a sale of a 10 to 12 year euro senior unsecured benchmark bond.

Chinese e-commerce start-up Pinduoduo is set to price its US listing at the top of guidance after a flurry of demand towards the end of its roadshow, according to a banker working on the deal.

Two Chinese technology firms listing in the US have been hotly received by investors, with both well covered since their launches earlier in the week.

IHS Markit exploited the lull in high-grade supply to grab investor attention with its investment grade debut.

Wall Street heavyweights returned in force to the dollar market with a string of multi-billion dollar trades after posting strong second quarter earnings.