United States

Dollar corporate bond supply kicked off November on a quiet note after the the Federal Reserve’s two day meeting kept borrowers on the sidelines following a frantic start to the week when spreads continued to tighten and cash poured into the high-grade market.

The West Texas Intermediate light, sweet crude oil futures on CME Group’s Nymex exchange have swelled to record open interest this week, as the oil price has leapt 12% higher in the last three weeks.

Investment boutique Green Ash became the newest player in the corporate high yield market this week, with its short dated speculative grade bond strategy set to include a large allocation to UK credit.

QBE is set to become the first financial institution to issue a social bond as hybrid capital. The Australian insurance company picked banks on Thursday to arrange the sale of an additional tier one (AT1), the proceeds of which will be used in accordance with its gender-equality bond framework.

Industrial and Commercial Bank of China closed a $1.5bn three tranche deal through its New York branch on Wednesday, finally closing the 10 year bond sale it hoped to do last year.

A trio of Chinese firms begun pursuing IPOs in the US this week that could raise more than $1bn between them.

Industrial and Commercial Bank of China is marketing a dollar bond deal spanning three tranches through its New York branch.

BBVA is shuffling several senior bankers in its global project finance team, after its global head of energy project finance departed to take up a role at ING Capital in New York.

CME Group intends to launch cash-settled Bitcoin futures in the fourth quarter of 2017, the exchange operator announced on Tuesday.

Lloyds opened books on Tuesday on its first callable senior bond transactions for the minimum requirement for own funds and eligible liabilities (MREL) on Tuesday, following Santander UK into the dollar market as banks start to think about pre-funding for 2018.

The Commodity Futures Trading Commission on Monday announced that Democrat commissioner Rostin Behnam will sponsor the Market Risk Advisory Committee (MRAC), a body that advises the CFTC on market structures and systemic risk.

Chinese online peer-to-peer lending platform PPDAI Group has launched bookbuilding for an IPO of American Depository Shares.