United States

Computer giant Dell timed its acquisition financing to perfection this week as its racked up $85bn in orders from a yield hungry investor base that flocked to the secured structure that delivered investment grade bonds.

Rating: Baa1/BBB+/A

The futures-implied probability of a US rate hike in June surged this week after hints by Federal Reserve officials.

Intercontinental Exchange is readying to offer a new form of interest rate futures contract aimed at supporting term financing deals such as repurchase agreements.

The US investment banking market is the largest and most lucrative in the world, and the most tightly locked down in the hands of domestic firms. But vaulting up the league tables, of late, has been Mizuho — hoping to break down Japanese bank stereotypes in the process.

Hanesbrands, the North Carolina clothing maker, printed a €500m bond on Thursday to fund recent acquisitions in Italy and Australia.

Axoni, a New York based start up firm specialising in distributed ledger infrastructure for capital markets and derivatives, has hired a former Citadel executive as its chief operating officer.

HSBC has begun offering a clearing collateral service for over-the-counter (OTC) derivatives to help clients comply with G20 swap reforms.

Debt capital market bankers have long preached that diversifying into the US investor base is the next stage of development for Chinese issuers. But with recent transactions failing to resonate with stateside accounts, Chinese names should give up on US investors for now.

OpenDoor Trading, a trading platform that aims to improve liquidity in off-the-run US treasuries and treasury inflation protected securities (TIPS), has hired an experienced capital markets strategist to a senior position.

CME Group is adding to its base metals business with an aluminium alloy futures contract.

European-listed exchange traded funds had their busiest month ever on Tradeweb in April, the marketplace firm said.