United States

The chief counsel to former Commissioner Sharon Bowen, Petal Walker, followed her boss on the way out of the Commodity Futures Trading Commission (CFTC) on Tuesday.

Chinese micro-lender Qudian has launched bookbuilding for its IPO on the New York Stock Exchange, which could raise up to $825m, according to a banker close to the deal.

The Walt Disney Company is heading north for Canadian dollars, in its first public foray beyond the dollar market.

Dollar borrowers failed to take advantage of pent-up demand and tightening spreads as US corporate bond supply recorded a lacklustre end to the month.

Goldman Sachs couldn’t resist the lure of tight spreads as it hit the dollar market in the run-up to announcing third quarter earnings.

Singapore-based Sea began pre-marketing a potential $1bn US IPO this week, according to a banker close to the deal.

Intercontinental Exchange (ICE), the US exchange and clearing house operator, is launching an NYSE FANG+ index, to help investors take exposure to high growth, liquid technology stocks.

With strong demand right off the bat, Chinese firm RYB Education has broken through the top of guidance to raise a higher $144.3m from its US flotation, according to a source close to the deal.

The US Commodity Futures Trading Commission (CFTC) has extended its existing 'no-action letter' relief and has given additional relief in regards to the reporting obligations that are required by the ownership and control reports (OCR) final rule.

Equity derivatives experts do not expect equity volatility to pick up from its current low level any time soon. Some of the potential political hurdles have been overcome and some see little to trouble them until the Italian elections in the second quarter of next year.

Genuine Parts Company (GPC) will issue $2bn of bonds and loans and ramp up the size of an existing revolver to fund its purchase of France’s Alliance Automotive Group (AAG) when it buys the auto parts wholesaler from private equity towards the end of this year.

US machinery manufacturer, John Deere, returned to the euro corporate bond market on Tuesday, selling its second deal in September. The €500m five year deal was issued by the company’s John Deere Bank entity.