North America

Chinese company Yirendai, an online consumer finance marketplace, is eyeing the New York Stock Exchange for a $100m IPO and has a filed a preliminary prospectus for the listing.

US corporate bond issuance in Europe - so-called reverse Yankee bonds - has steadily regained strength this autumn and could be followed by issuers from elsewhere in the world selling euro bonds.

Veritas Technologies, the Californian data storage company, has increased its high yield bond issue to make up for a disappointing loan financing. But initial price talk has yet to emerge.

Anheuser-Busch InBev, the Belgian-Brazilian brewer, chose 21 banks to act as mandated lead arrangers for a $75bn mega loan — the largest ever corporate loan — but the firm coordinated all the banks itself in the unique acquisition financing.

Skandinaviska Enskilda Banken and ANZ took advantage of strong funding conditions in dollars this week, despite a drop in demand for floaters.

Chevron and AstraZeneca led a dash for dollars this week as issuers made the most of favourable funding conditions in what is expected to be a heavy month for high grade supply.

Simon Property Group, the US property company that is the world’s largest real estate investment trust, launched a benchmark seven year euro bond on Monday , its first issue in the currency for over two years.

Citi has formed a European cross border debt capital markets team focused on bringing international issuers outside EMEA into European bond markets. This reflects a belief at the bank that there will continue to be an increase of funding in euros by non-European issuers, said Will Weaver, head of DCM at Citi in London.

Anheuser-Busch InBev, the Belgian-Brazilian brewer, mandated a group of 21 banks to provide its $75bn loan facility, but there was no coordinator as AB InBev took an active role in arranging the transaction.

Alliance Data Systems, the unrated US private label credit card and marketing services provider, is set to end meetings with European investors on Thursday for €300m of unsecured notes, its first euro issue.

Santander has completed an overhaul of its London loans team, with four new hires that it hopes will lead the bank to the forefront of Europe’s corporate finance business. The Spanish bank wants a bigger role in high level acquisition finance in western Europe and is also investing in CIB divisions in Asia, eastern Europe and the US.

The Chicago Board Options Exchange (CBOE) is joining forces with Environmental Financial Products, the company that once pushed for US industrials to trade carbon credits, in a bid to go after a new niche derivatives market: small community and regional banks.