North America

Barclays has hired a senior trader from JP Morgan in New York to replace Naseer Al-Khudairi as head of electronic trading and digital strategy for its markets division.

Two SSA borrowers announced on Monday that they were preparing to enter the dollar market on Tuesday, hoping for a calmer picture in the underlying rates market than was in evidence last week.

Armando Tamez, CEO of Mexican car parts maker Nemak, told GlobalCapital that the company sees “great potential” in sustainability-linked bonds, adding that it would be “natural” for Nemak to continue to consider issuing SLBs in the future.

Activity in the recruitment market for sustainable capital markets experts has ticked up this year, as banks looking to staff up in this area see a small but growing talent pool to tap. A recent hire by Santander in London is a good example.

It was a question of unfinished business for Nomura this week, as the Japanese firm came to the dollar market with a rebooted $3.25bn three part dollar trade.

Enel smashed a series of records when it came to the dollar market with a $4bn sustainability-linked bond on Wednesday.

As capital markets bankers gradually start to spend more time back in the office, a nuanced debate is playing out over how much flexibility they can expect to enjoy with regard to remote working when pandemic restrictions are finally lifted.

LinkDoc Technology, a cancer-focused medical data company, has shelved its US IPO just hours before pricing, as Chinese technology stocks recoil from Beijing’s clampdown on overseas listings.

Mexican car parts maker Nemak sold its second sustainability-linked bond in a month on Wednesday, raising €500m in a deal that bankers said marked the company’s migration from high yield to investment grade covenants — though it has just one IG rating.

On Tuesday, Mexico sold its second international bond explicitly aligned to the United Nations’ Sustainable Development Goals, printing the 15 year note at the same spread over mid-swaps at which it had sold a seven year SDG bond in September.

China's latest crackdown of three of its technology companies has a clear message for firms looking to list in the US — and investors wanting to buy their shares.

Rothschild & Co has hired Timothy Lufkin as a managing director covering financial sponsors within its global advisory business in New York. Lufkin previously worked at Truist and its predecessor, BB&T Capital Markets.