United States

Bunge Finance Europe, an arm of the US agricultural commodities group, signed a $1.75bn revolving credit facility with 42 banks on Tuesday.

LexinFintech, a Chinese online consumer lender, has shrunk the size of a mooted Nasdaq IPO to $132m from its original target of around $500m, after regulatory changes in China put the sector in a negative light.

Brokerage firm Interactive Brokers has started allowing clients to go short on Chicago Board Options Exchange bitcoin futures, requiring a margin of $40,000 per contract.

As excitement around cryptocurrencies reaches a fever pitch, US Securities and Exchange Commission chairman Jay Clayton on Monday issued a statement on cryptocurrencies and initial coin offerings, warning main street investors and market professionals alike about risk in the space.

This week, bankers and investors in the European high yield market sounded a message of confidence to potential issuers of bonds with triple-C ratings, even after BMC cancelled one such deal.

Santander Holdings USA offered investors two tranches of senior debt on Monday as it looked to close in on its total loss-absorbing capacity (TLAC) requirement.

ING is looking to build a footprint in US investment grade and high yield debt markets, with the bank hoping to win more syndication mandates from existing corporate clients, senior figures at the bank said on Thursday.

Bank and finance names this week made their final moves in the dollar market ahead of the Federal Reserve’s final meeting of the year, which starts on December 12.

Investors have given a festive welcome to issuers looking to wrap up their funding plans ahead of November’s jobs report and the final US Federal Reserve meeting of 2017.

Nine years after the rescue of Lehman Brothers’ EMEA and Asian investment banking operations triggered a failed attempt by Nomura to enter the big league of investment banking, the Japanese bank has got the deal bug again, writes David Rothnie.

McGraw-Hill Education launched a new payment-in-kind (PIK) toggle high yield bond on Wednesday, as part of a bigger refinancing package. Once an indicator of peaking credit conditions, PIK toggle deals have become increasingly rare as borrowers head to cheaper and more flexible second lien loans.

US tax reform proposals are expected to weigh on investment grade corporate debt issuance next year, while the decreasing tolerance of equity investors to corporate leverage levels could also change M&A financing behaviour, said credit analysts at Bank of America Merrill Lynch’s 2018 outlook event on Tuesday.