UK

The UK’s conventional maturity curve is set to extend after the country’s Debt Management Office on Tuesday announced plans for its next syndication. The decision came as investors bemoaned the health of the sterling market.

Hong Kong Exchanges and Clearing on Thursday said it had selected Roland Chai to be the group’s risk officer. He will start in his new position on June 1.

Société Générale on Wednesday morning revealed that it had listed 74 leveraged exchange traded products for trading on the London Stock Exchange, aiming squarely at sophisticated retail investors.

Engine manufacturer Rolls-Royce returned to the European corporate bond markets on Wednesday after a break of nearly five years. The British company sold a €1.1bn dual tranche deal which extended its maturity profile in euros.

The Bank of England, the primary regulator of UK clearing houses, has decided to go ahead with a new rule that would compel CCPs to report issues with their servers and other technology systems.

LCH, the majority-owned clearing house of the London Stock Exchange, on Tuesday began clearing non-deliverable interest rate swaps in Chinese yuan, Korean won and Indian rupees.

Some investors are betting on UK bank debt to outperform the rest of the FIG market this year, despite the risks around the country’s departure from the European Union.

The US Treasury, through the Office of Foreign Assets Control, has issued a new licence to US holders of debt or equity in EN+, Rusal and Gaz Group. It gives US persons until June 6 to divest their holdings in these companies, instead of the original deadline of May 7.

The UK’s Lloyds Banking Group is readying a subordinated tier two bond, to be issued in Singapore dollars.

The UK’s conventional maturity curve is set to extend after the country’s Debt Management Office on Tuesday announced plans for its next syndication.

Interest rate derivatives platform CurveGlobal launched futures based on the sterling overnight average, a designated successor to Libor, on Monday. The chief executive of the platform, Andy Ross, told GlobalCapital that he expected the new product to “develop over time”, and that the platform would not release any other Sonia futures until liquidity improved sufficiently.

The launch of yet another new social housing real estate investment trust (Reit) this week will not be easy. The market has felt congested recently, and peers have ridden over a few bumps. But there ought to be a place for this asset class.