North America

Chinese e-commerce solutions firm Baozun has raised $73.5m after closing a follow-on placement multiple times covered, despite its stock having a wobbly start to the week.

Goldman Sachs printed a $3bn trade on Thursday to push dollar FIG issuance to an all-time high.

Dr Pepper Snapple and Roper Technologies jumped into what is expected to be last full week for US bond market issuance in 2016 with M&A trades that pushed corporate supply close to a new record.

Allianz announced plans to integrate other teams into its global private debt platform on Thursday. Two Allianz investment teams will join the Allianz Global Investors private debt group in January.

Rallying soybean and corn futures prices have prompted a big improvement in producer sentiment, according to a study.

Ensco, the London-headquartered offshore oil drilling contractor, has raised $750m with a popular convertible bond issue to finance a tender offer for high yield bonds due 2019 and 2020.

In yet another takeover funded entirely in the loan market, GoDaddy, the US internet domain registrar, is acquiring peer Host Europe Group (HEG) from private equity firm Cinven and raising dollar leveraged loans for the deal.

Business travel group Carlson is running a roadshow for what could be the European high yield market's last deal of the year as it aims to refinance its debt with a three tranche bond.

After completing a roadshow last week, US orthopaedic reconstructive products producer Zimmer Biomet made its debut in the euro bond market on Tuesday with a dual tranche transaction.

China's Baozun opened books on Monday morning for its first follow-on offering since its Nasdaq IPO in May last year, and is looking to raise around $85m.

Market participants should move to standardised collateral and terms to address variation margin requirements, the International Swaps and Derivatives Association (ISDA) has said, with many counterparties needing to amend, replace or introduce credit support annexes ahead of the March 1 deadline.

Volume figures released by major derivative exchanges for November show a marked rise over October's numbers, with some exchanges reporting record volume days in the aftermath of the US election.