North America
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The Province of Ontario received a strong reception in the Canadian dollar market on Tuesday, helping it to issue its biggest ever green bond in the currency. -
A sell-off in global equities at the beginning of last week, in response to the Delta-variant-fueled rise in Covid-19 cases, was largely erased in the following days. But the episode offered a glimpse of the disquiet in the market, and a hint as to the likely reaction if the pandemic were to take a course that put the brakes on economic growth.
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NatWest Markets has given its head of emerging markets strategy, Alvaro Vivanco, an additional role as head of ESG macro strategy.
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SMBC has beefed up its coverage of the technology sector with the addition of two senior bankers in San Francisco who previously worked together at HSBC.
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The People & Markets section of GlobalCapital could almost have been called the Barclays section this week, given the number of stories that involved the bank. What has been going on?
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British Airways issued its first sustainability-linked bond this week, something still very rare in the airline industry. It was one of only a handful of issuers that braved volatility to enter the US corporate bond market this week.
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In 2016, JP Morgan launched a service to help its corporate clients fill board positions with directors well versed in corporate governance. Now, as board composition comes under ever greater scrutiny, the bank is expanding the offering into EMEA.
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Moelis & Company has hired senior equity syndicate banker Melissa Mariaschin from Barclays in New York as the boutique investment bank expands its capital markets capabilities.
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Barclays has elevated Jean Francois (JF) Astier and John Miller to co-heads of investment banking as part of a raft of promotions in New York that also include the appointments of Kristin Roth DeClark and Taylor Wright as global co-heads of capital markets.
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Mexican state-owned utility Comisión Federal de Electricidad (CFE) sold $850m of 12 year bonds on Tuesday on its second visit to international markets this year.
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Robinhood’s mission to democratise stock markets is taking its inevitable next step with its own initial public offering, of which it says it will sell between 20% to 35% to retail investors. But while opening up the IPO investor base beyond the institutional investor clique sounds good in theory, such transactions remain extremely risky for retail investors.
