North America
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The Options Clearing Corporation, a US clearing house, has found itself placed on negative ratings watch by Standard & Poor’s, over concerns that it could fail should two of its largest clearing members default.
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Credit Suisse has appointed a new head of US leveraged loans and high yield bond trading, a source has confirmed. -
Computer giant Dell timed its acquisition financing to perfection this week as its racked up $85bn in orders from a yield hungry investor base that flocked to the secured structure that delivered investment grade bonds.
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There was a steady stream of sterling deals in the supranational and agency market this week, amid confidence that volumes will keep up until the UK’s referendum on European Union membership is imminent.
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Long dated dollar issuance could be set for a return in the coming weeks, after minutes of the US Federal Reserve’s rate meeting in April — released on Wednesday night — showed a more hawkish sentiment than the market was expecting.
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The futures-implied probability of a US rate hike in June surged this week after hints by Federal Reserve officials.
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Intercontinental Exchange is readying to offer a new form of interest rate futures contract aimed at supporting term financing deals such as repurchase agreements.
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The US investment banking market is the largest and most lucrative in the world, and the most tightly locked down in the hands of domestic firms. But vaulting up the league tables, of late, has been Mizuho — hoping to break down Japanese bank stereotypes in the process.
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Export Development Canada is set to join what one SSA banker described as a “ridiculous” dollar market, where issuers are selling in big size and with little or no new issue premiums.
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Export Development Canada sold its largest bond in sterling in over two years on Wednesday as investor appetite for the currency showed little sign of abating.
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Hanesbrands, the North Carolina clothing maker, printed a €500m bond on Thursday to fund recent acquisitions in Italy and Australia.
