North America

US cash machine maker Diebold, which is acquiring German peer Wincor Nixdorf, has increased the size of its euro and dollar loans and tightened their spreads, amid an improving investor mood in the leveraged loan market.

Eco World International has obtained approval from the Securities Commission Malaysia for its IPO, which is expected to raise $500m by the middle of this year.

Credit Suisse has named former Macquarie banker Cheun Hon Ho as its new southeast Asia ECM head.

Market participants and their lawyers were this week studying the US Department of Labor’s lengthy new fiduciary rules for retirement accounts, as the industry worries about a big shift in the way it can offer financial products to the country’s savers. One derivatives-related area on which officials appear to have taken advice is their previous plan to limit the ability of investors to hold listed options.

Market participants and their lawyers were still poring over the US Department of Labor’s mammoth ream of fiduciary rules on Wednesday evening following its publication that day, but one derivatives-related area on which officials appear to have taken advice is their previous plan to limit the ability of investors to hold listed options in their retirement accounts.

China Renaissance has named Andrew MacInnes as CEO of its US arm, as the boutique investment bank steps up its overseas ambitions and grows its equity distribution capabilities stateside.

Global Medical Real Estate Investment Trust, owned by Hong Kong-listed ZH International Holdings, is aiming to list on the New York Stock Exchange in a deal that could net $100m.

trueEX, the interest rate swap trading platform, has started supported market activity during London business hours as it looks to build its client base in Europe.

Ally Financial has signed an agreement to buy options broker-dealer TradeKing Group for $275m, in a deal that brings $4.5bn of assets and technology.

Canadian Imperial Bank of Commerce has appointed leads to update Australian investors and may issue an Australian dollar-denominated covered bond, the first in over a year.

Chinese metals exchange operator Yintech Investment Holdings is looking to list in the US, having filed a draft prospectus with the Securities and Exchange Commission on Monday.

Listed futures and options activity growth in March was strongest in equity index and volatility-linked products.