United States

The corporate bond market started the week on the front foot with a triple tranche reverse Yankee from US pharmaceuticals company McKesson that is expected to pave the way for similar issuance.

BC Partners has hired the former president and chief investment officer of Apollo Investment Corp to head its own newly opened credit platform.

US banks returned to the dollar market with quick-fire trades, exploiting tightening in spreads on hopes that US president Donald Trump will loosen regulation in the sector.

The dollar high grade market slowed to a subdued pace this week following the bonanza of the previous one as corporates with funding needs lined up their documentation after reporting earnings.

Sidera Funds has launched a new investment sub-fund that tracks euro and US high yield indices from Bank of America Merrill Lynch, but goes beyond geographies and currencies.

Wells Fargo has named a new regional president for Asia Pacific, promoting Jafar Amin.

Silgan Holdings, a maker of consumer goods packaging in the US, this week priced the first cross-border high yield deal of 2017 as it plans to repay term loans.

The initial launch of the new regime for margin requirements for non-cleared derivatives passed on September 1. This first wave affected those firms with the largest presence in the market for both initial and variation margins under the new regulations.

Now there’s a chance that the marginalised and downtrodden voters of rust belt America will get what they really want — a wholesale dismantling of the post-crisis banking regulation — the finance industry must ask itself if that’s what it really wants.

The speed and success of Sibanye Gold in closing a loan to back its acquisition of US palladium miner Stillwater, has put South Africa in focus for bankers amid talk that two other acquisition deals out of the country could follow soon.

Law firm Latham & Watkins has strengthened its practice in New York, with the addition of a Mandarin speaking partner to its corporate department and financial institutions group.

Droit Financial Technologies, a New York-based regulatory financial technology firm focused on over-the-counter derivatives, has made a senior hire in London as part of a European business drive.