United States

The US dollar bond market ended a record-breaking month on a downbeat note as borrowers stayed on the sidelines amid a poor technical backdrop. Charter Communications became the first SEC registered issuer of the week on Thursday with a long five year trade and the only two other benchmark trades were from 144A issuers on Tuesday.

As the first half of 2018 draws to a close, it is clear Europe’s equity capital markets have been battered by political tensions and fears of disruption to international trade. Volume is down, particularly in block trades.

London Stock Exchange Group (LSEG) has acquired roughly 16% of collateral manager AcadiaSoft in an attempt to improve its offering in the non-cleared derivatives margin and processing business.

Nasdaq-listed Momo this week bagged $650m from its first convertible bond, shrugging off a volatile market to close the deal multiple times covered.

Bway, the US container maker, is including €475m of euro bonds in the leveraged financing for its $1bn acquisition of rival Industrial Container Services, in a sign of the increasing attractiveness of euro high yield markets.

Chicago Mercantile Exchange Group on Tuesday announced that it would soon list new options on its financially settled Black Sea Wheat and Corn futures.

Chinese internet search giant Baidu is considering the sale of China Depository Receipts (CDRs).

Market participants are “gearing up” to transition from major benchmark interbank offered rates (IBORs), but that only 11% have actually allocated any money to seeing through the initiative, according to a survey conducted by major capital markets trade bodies.

Santander said it has hired two bankers, one from Deutsche Bank and one from Goldman Sachs, into its US CIB unit, bulking up its efforts to sell debt and derivative products to US firms.

Chinese online auto trading platform Cango is looking to raise up to $300m from an IPO on the New York Stock Exchange.

The expected torrent of mergers and acquisitions-related supply arrived this week with two borrowers taking home a combined $31bn after credit markets seesawed in the latest bout of Donald Trump-inspired volatility.

UBS and Royal Bank of Scotland tapped into the resilience of the dollar market this week, as they printed well-received trades amid volatile conditions.