North America
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Lloyds opened books on Tuesday on its first callable senior bond transactions for the minimum requirement for own funds and eligible liabilities (MREL) on Tuesday, following Santander UK into the dollar market as banks start to think about pre-funding for 2018. -
The Commodity Futures Trading Commission on Monday announced that Democrat commissioner Rostin Behnam will sponsor the Market Risk Advisory Committee (MRAC), a body that advises the CFTC on market structures and systemic risk.
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Chinese online peer-to-peer lending platform PPDAI Group has launched bookbuilding for an IPO of American Depository Shares.
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Chinese listings in the US are continuing at a breakneck pace, with three more companies hitting the road this week. But a recent plummet in the price of freshly-listed micro-lender Qudian shows investors will need to hold their nerves.
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October will count as a relatively quiet month for most investment grade corporate bond markets, except sterling, which has already absorbed enough new paper to increase on its average monthly volume, according to Dealogic data.
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Sogou, the internet search arm of US-listed Sohu.com, has kicked off bookbuilding for a $585m IPO on the New York Stock Exchange.
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London based clearing house LCH Group has revealed that John Horkan, the head of its North American operations, will become COO of the company.
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China Lodging Group is set to bag about $425m through an offering of equity-linked notes, convertible into its Nasdaq-listed American Depository Shares.
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After several months without any long end dollar benchmark bonds from public sector issuers, two came along at once this week — bolstering confidence that conditions are right for a borrower to print in jumbo size in the tenor for the first time in more than two years.
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Equity volatility has threatened a comeback in the past week as markets prepared for the European Central Bank meeting on Thursday. But after the ECB performed within market expectations, announcing a 50% reduction in its bond buying programme, fear gauges settled down once again.
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While Verizon and Danone amassed combined order books totalling more than €22.5bn on Monday, US consumer goods company Procter & Gamble returned to the euro market somewhat under the radar for its first deal in the currency in two years.
