North America

The Spac phenomenon in the US appears to be reaching a tipping point, after whetting the appetite of investors over the past year and offering juicy fees to investment banks. As the market in Asia gets ready for take off, firms should be wary of the obstacles they may face.

Bank of Nova Scotia (BNS) priced its first Sonia-linked Canadian covered bond, the largest ever issued against Sonia and the first from a Canadian bank in well over a year on Monday. A t the same time TSB mandated leads for another Sonia linked covered bond.

As much as everyone would like to put the UK's messy divorce from the EU behind them, it remains a very live topic — especially for bankers who don't want to live in Frankfurt.

Chinese ride-hailing firm Didi Chuxing has publicly filed for what is likely to be a jumbo IPO in the US, putting in motion its founders’ plans to become a ‘truly global technology company’.

Dollar corporate bond issuers enjoyed tight pricing this week, as investors devoured a serving of deals that was smaller than expected.

Habeck returns to syndicate at SMBC — Deutsche appoints co-heads of Americas ECM — JPM sends levfin bankers to US — Elfring lured out of retirement — Barclays hires CLO syndicator — Eagle Point snags head corporate trader

Former Goldman Sachs and Morgan Stanley banker Dolph Habeck has landed a senior syndicate role at SMBC Nikko in New York, following his recent spell at Greensill Capital.

Deutsche Bank has promoted two bankers from within to lead its Americas equity capital markets business.

UP Fintech Holding's follow-on offering in the US drew a 10 times oversubscribed book, as its fintech credentials and online operations proved appealing to investors.

Bank of Montreal is seeking investor consent to switch from referencing Libor to Sonia on its sterling covered bond, following similar moves from other borrowers. Different calculation methods are emerging for the transition.

UP Fintech Holding has launched a follow-on offering of new American depositary shares (ADS) worth around $173.5m.

CPPIB Capital sold its first public Sonia floating rate note on Monday, with Oesterreichische Kontrollbank set to be the next public sector borrower to hit the sterling market after mandating banks for a long four year fixed rate benchmark.