North America
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Symrise, the German fragrances and ingredients supplier, has doubled the size of its Schuldschein issue after receiving strong demand from investors. -
The US Commodity Futures Trading Commission has proposed rules to increase oversight and risk controls for high speed electronic trading — particularly the use of algorithms — in a bid to limit disruptions in the futures market.
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CLS Group, the foreign exchange settlement firm, has teamed up with financial information services provider Markit to launch an FX settlement service for cross currency swaps.
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US regulator the Commodity Futures Trading Commission has proposed rules to increase oversight and risk controls for high speed electronic trading – and particularly the use of algorithms – in a bid to limit disruptions in the futures market.
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MasterCard, the US credit card payments company, raised €1.65bn on Monday with its first euro bonds - and only its third bond issue ever.
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The Depository Trust & Clearing Corporation has launched Data as a Service (DaaS), a solution that the company claims will transform the way data is accessed and presented from its clearing, settlement, servicing and trade reporting platforms.
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The Chicago Board Options Exchange has created five options-based strategy performance benchmark indices that aim to help investors improve risk management and returns.
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A Canadian province braved the five year spot in dollars on Friday. A healthy spread over US Treasuries prompted strong demand despite negative five year swap spreads, which has caused other issuers to avoid this part of the curve.
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The leveraged finance market suffered an unpleasant shock this week, when $5.6bn of loans and bonds for the Carlyle Group’s acquisition of Veritas Software had to be pulled. Bankers were left blaming market sentiment, an aggressive structure — and each other, write Max Bower and Victor Jimenez.
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The dollar market showed its appetite for diversity this week as Société Générale printed the first 30 year tier two bullet by a French bank and ING printed its debut green bond.
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The US dollar bond market is braced for a deluge of issuance as borrowers look to wrap up deals ahead of an anticipated Fed funds rate rise in December.
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Mondelez International, the US snacks group that owns Cadbury, satisfied its taste for long dated sterling debt on Tuesday, reaching far out along the curve to issue a £400m 20 year bond.
