United States
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LedgerX, the US-based trading and clearing platform, has raised $11.4m to help finance the start-up of an options exchange that will trade bitcoin and other digital currencies. -
The stampede by corporate dollar issuers continued into a second consecutive week with Italian energy giant Enel printing the largest ever deal by an Italian corporate in the US investment grade market, and the second biggest Yankee deal of 2017.
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JP Morgan smashed through $15bn of year-to-date TLAC issuance this week as a trio of banks hit the dollar market, ahead of a brief break for Memorial Day holiday.
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Sharon Bowen, one of only two sitting commissioners on the US Commodity Futures Trading Commission, has voted to advance budget proposals made by acting chairman Christopher Giancarlo, but also said the regulator was underfunded and should receive contributions from market participants.
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Internet and mobile platform company Sea, formerly known as Garena Interactive Holding, is planning a US IPO, according to a source familiar with the matter.
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Nest, the UK national employment savings trust, has become the latest in “a flurry” of buyers to move into high yield bonds.
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Bright Scholar Education Holdings’ decision to price its IPO above the range paid off handsomely as the stock surged over 30% on its debut on the New York Stock Exchange.
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What, on Wednesday, seemed to be primary capital markets gung-ho for any deal imaginable by Thursday looked more like a market on the skids as concerns intensified over the endless controversies dogging US president Donald Trump’s administration.
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Yankee and domestic financial institutions unleashed a funding frenzy on the dollar market with $18bn in supply, as a strong technical backdrop gave way to volatility later in the week.
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Mizuho Americas has appointed Massimo Tassan-Solet to head of derivatives trading.
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Corporate issuers remained on the sidelines this week as political concerns in the US and a government corruption scandal in Brazil stopped the dollar market’s hot streak in its tracks.
