North America

7-Eleven capitalised on huge investor demand to issue its first dollar bond this week, printing the largest US corporate deal of the year so far.

Sustainable bond issuance has made its strongest start to the year ever, thrusting the market towards what most observers believe will be a year when many records will be broken — especially in north and south America, where environmental and social consciousness is rising. Jon Hay, Mike Turner and Oliver West report.

HSBC appoints two within AIBC — Credit Suisse Asset Management hires head of origination in direct lending — Richard Luddington joins Rothschild

US equity markets suffered their worst single day since October on Wednesday, as equity investors reacted to growing concerns over stock valuations and fears of Covid-19 vaccine disappointment. Equity capital markets bankers hope that investor sentiment will hold for new deals, even if global markets take a turn for the worse. Sam Kerr reports.

GlobalCapital is delighted to announce the nominees for this year’s Americas Derivatives Awards.

The GameStop short squeeze has cost institutional investors billions. I’ll feel more sympathy if they’d occasionally pay for their drinks.

Casino operator Genting New York priced a $525m bond on Wednesday.

Malaysia-based Catcha Group is floating a southeast Asia-focused special purpose acquisition company (Spac) on the New York Stock Exchange.

Mexican financing and leasing company Unifin Financiera returned to bond markets on Monday for the first time in 18 months, garnering sufficient demand to push the yield on its new $400m eight year into single digits.

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, January 25. The source for secondary trading levels is ICE Data Services.

The Singapore Exchange’s plan to get in on the rush to list special purpose acquisition companies (Spacs) is a bold move that could give it an edge over regional rivals. But there are plenty of obstacles — and its efforts may well be futile.

Credit Suisse has tapped a rival bank to fill a spot on its emerging markets syndicate desk in New York, GlobalCapital understands.