United States

The US private placement market is welcoming more utility issuers, according to participants, after changes to the minimum eligibility threshold of the Bloomberg Barclays US Aggregate Index.

International law firm Mayer Brown has hired eight lawyers from the New York and San Francisco offices of Morrison & Foerster, including capital markets partners Anna Pinedo and James Tanenbaum .

Bright Scholar Education Holdings is out with its first follow-on offering since its IPO last May, and is gunning for about $200m.

Sunlands Online Education Group is planning an up to $300m IPO of American Depository Shares (ADS), according to a draft prospectus submitted to the US regulator on February 23.

The US government’s agreement to remove the country’s debt ceiling early in February has left the buy-side waiting for a wave of issuance from the US Treasury. But as opportunities arise for investors, one has warned that the public may end up seeing the bond market as “the bad guys” as rising yields help public sector borrowers but hinder corporates in the front end of the dollar curve. Nigel Owen and Craig McGlashan report.

The US Department of the Treasury defied Republican calls to scrap the Orderly Liquidation Authority this week, after publishing a report in which it recommended an overhaul of the nation’s framework for dealing with failing banks.

The dollar high-grade calendar snapped back to life on Wednesday and Thursday, but bankers remain cautious as a significant uptick in rates will severely test pricing levels and investor appetite.

Yankee banks shunned the short end of the curve this week as they returned to the dollar market after reporting earnings.

Morgan Stanley debt capital markets head Leo Civitillo, who had been in the fixed income business for 20 years, has died.

MUFG Securities Asia has named Royal Bank of Scotland veteran Pierre Ferland as its new chief executive.

The US government’s agreement to remove the country’s debt ceiling early in February has left the buy-side waiting for a wave of issuance from the US Treasury — including this week, when the largest ever T-bill auction took place. But as opportunities arise for investors, one has warned that the public may end up seeing the bond market as "the bad guys."

China’s FX watchdog loosens its grip on FX forward settlement, HSBC becomes the first foreign bank to handle an individual RMB remittance transaction following a rule change in January and the Securities and Exchange Commission (SEC) stopped an attempt by Chinese investors to acquire the Chicago Stock Exchange.