North America
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CPPIB Capital, the issuing entity for Canada Pension Plan Investment Board, launched its first ever syndicated bond linked to the secured overnight financing rate on Tuesday, impressing onlookers with its size. -
UBS opened the European bank earnings season on Tuesday with a strong set of results from its M&A and capital markets businesses, which CEO Ralph Hamers seized as an opportunity to play up the importance of talented bankers over the generous application of balance sheet.
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Michelle Neal has left her position as head of US fixed income, currencies and commodities trading at RBC Capital Markets in New York to take a leading role at high tech corporate bond trading platform LedgerEdge.
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A pair of SSA borrowers are set to squeeze a pair of benchmarks in on Tuesday just before the summer holidays period commences in earnest.
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Santander intends to enhance its fixed income offering in the US by buying Amherst Pierpont Securities, a broker-dealer based in New York, for $600m.
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Large US banks are expected to turn their attention to the euro market next week, having raised $21.75bn of debt in their home currency after reporting their latest results.
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As Western companies operating in Hong Kong await the details of a warning from the US State Department about the risks of doing business in the special administrative region, analysts say the growing rift between China and the US is putting HSBC in an especially uncomfortable position.
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Mexican real estate investment trust (Reit) Fibra Soma debuted in international bond markets on Thursday with a $600m deal. Investors said it offered an attractive spread over its larger, more established competitor Fibra Uno.
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Japan’s Sumitomo Mitsui Financial Group has formed an alliance with Jefferies and is providing the US investment bank with capital to pursue its ambitions in leveraged finance.
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Royalty Pharma was the lone corporate issuer in the US dollar bond market this week, as earnings blackouts snuffed out supply.
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US banks added to their massive dollar funding spree this week, as Goldman Sachs, Morgan Stanley and Bank of America took home a combined $22bn after reporting strong second quarter earnings.
