United States
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Huya, a live streaming platform backed by YY and Tencent, has raised $180m after pricing its US IPO at the top of guidance. -
HSBC took home $6bn from a callable bond issuance on Thursday, after Barclays opened the callable market for jumbo Yankee issuers earlier in the week.
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The Futures Industry Association on Thursday broadly endorsed the need for mechanisms that help deal with extreme volatility on trading venues, arguing that there shouldn't be a "one-size-fits-all" approach.
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GlaxoSmithKline added to the crush of red hot dollar bond supply this week, as borrowers began a spring stampede to lock in funding ahead of a likely rate rise next month.
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Rating: Baa2/BBB/BBB (Moody’s, S&P, Fitch)
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Mizuho Americas said it had hired five people on its high yield sales and trading desk, as the firm looks to beef up its leveraged finance capabilities, alongside larger plans to build out its US investment bank.
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On Wednesday, US car manufacturer Ford’s finance arm followed its recent trend in using the euro corporate market to fund itself in floating rate note format. It kept its tenors short with a pair of FRNs, but found investors had a preference for the shorter option.
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A long-awaited civil settlement with the US Department of Justice this week could prove to be a boon for Royal Bank of Scotland, which has had the risk of heavy fines looming over it for some time.
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On Wednesday, US car manufacturer Ford’s finance arm followed its recent trend in using the euro corporate market to fund itself in floating rate note format. The company kept its tenors short with a pair of FRNs, but found investors had a preference the shorter option.
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Goldman Sachs sold its largest amount of Swiss franc bonds in a single Sfr325m issue on Tuesday afternoon, encouraging hopes that the Swiss franc might be regaining its status as a global funding currency.
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Investors are hedging and betting on oil prices as markets remain unsure about whether or not US President Donald Trump will pull out of the Iran nuclear deal.
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Chinese telecommunications firm ZTE Corp, which has failed to comply with a covenant on a $450m syndicated loan due in July, has requested lenders to waive the breach, according to bankers close to the situation.
