United States

Insurance firm Chubb brought two tranches of senior debt to the market on Thursday, to raise €1.8bn in its first ever euro deal.

Baidu-backed video streaming service iQiyi and Chinese hotel operator GreenTree Hospitality Group are readying a pair of US IPOs for the end of March to raise a combined $1.7bn.

Investor worries about this Sunday's election in Italy have not materialised yet in terms of having an affect upon fear gauges and hedging activity with both subdued, especially when compared to notable European elections from last year.

Before 2017, US crowd services provider Equinix had not issued a bond in euros. But it has now visited the European high yield market three times, having completed its latest deal on Wednesday.

Equity repo, a way to lend shares to the market, is a key parameter in equity derivatives trading but is yet to be fully considered and monetised. Given the opportunities that exist in the space, market participants would do well to change tack.

Chinese video streaming platform iQiyi filed a draft IPO prospectus with the US market regulator on Tuesday. It is aiming to raise up to $1.5bn from its listing this year.

TP ICAP, the inderdealer broker, on Monday revealed that it has promoted from within and made new hires for its institutional services division.

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.