United States

ICE Benchmark Administration, a unit of Intercontinental Exchange, is to assume the secretarial role on the credit derivatives determinations committees previously held by the International Swaps and Derivatives Association.

Australian casino tycoon James Packer sold his stake in Melco Crown Entertainment, his Asian joint venture with Hong Kong magnate Stanley Ho, in a $669.9m overnight bookbuild on Thursday.

After a fall in 2016 supply, the allure of euro bonds for US issuers looks to be set on a path of relative decline, as the market loses its technical shine and faces the prospect of cash repatriation for corporate America.

Another piece of next year’s equity capital markets issuance puzzle was turned over today, when Lonza, the Swiss pharmaceutical and chemical company, announced a Sfr3.3bn rights issue to pay for the acquisition of Capsugel from KKR.

United Healthcare Group became the first dollar issuer to jump into the market after the US Federal Reserve’s hawkish hike led to a sell-off in Treasuries amid predictions that 2017 could prove to be a more subdued year for high grade supply.

While the US Federal Reserve surprised nobody with its 25bp rate hike, an aggressive timeline for future increases has driven 10 year US Treasury yields to exceed their 2016 record.

Deutsche Bank, Goldman Sachs and JP Morgan are joint lead arrangers and bookrunners for a bridge loan of up to £12.2bn ($15.18bn) which 21st Century Fox will use to buy the remaining shares in Sky it does not own.

Mizuho has hired three technology bankers to join its San Francisco office, part of the firm's new tech operation, launched earlier this year

BlackRock has been awarded the first Renminbi Qualified Institutional Investor (RQFII) licence in the US this week providing further momentum to America's push in RMB internationalisation.

Intercontinental Exchange has obtained approval from the European Securities and Markets Authority (ESMA) for its ICE Clear US business to be recognised as a third country central counterparty under the European Markets Infrastructure Regulation (EMIR).

Bats Europe is to add several benchmark indices spanning French, German, Italian and Swiss markets and expects these to support derivatives products in the future.

Tradeweb Markets, the New York-headquartered fixed income, derivatives and exchange trader fund marketplace provider, has reported a big rise in credit volume for November in both the US and overseas.