United States

A US public sector borrower will bring a large green bond which will “startle the US market”, as green bonds gain further importance after COP21, according to market experts.

Both the investment grade and high yield markets in Europe ground to halt on Monday, as the approaching holidays put the brakes on the market and volatility spikes.

The US Securities and Exchange Commission will meet on Friday and is expected to propose tough restrictions on the use of derivatives in funds sold to retail investors.

Intercontinental Exchange expects to complete its acquisition of Interactive Data Corporation early next week, having received all regulatory approvals.

Investors showed their lack of risk appetite for long dated paper from energy companies after Marathon Petroleum was forced to widen pricing on a 30 year tenor.

The M&A financing frenzy that propelled the US corporate bond market to record issuance this year is showing no signs of slowing, with bankers expecting more of the same in 2016. This week it was Visa's turn to round off what has been a stupendous year for jumbo deals by making its dollar debut with a blockbuster $16bn trade. David Rothnie reports.

Mitsubishi UFJ Securities, the US securities business of MUFG, has started US equity research coverage this week, with a new team consisting of four analysts. Coverage will focus on energy, real estate investment trusts (REITs) and technology.

The Basel Committee on Banking Supervision has dropped proposals to ban banks from using agency ratings in their internal risk-weighted asset models, a move which could save the industry the job of raising billions in extra capital.

The IMF changed the weighting formula for its Special Drawing Rights basket ahead of the inclusion of the renminbi last month. However, using the old SDR formula to determine Chinese currency’s weight would have been preferable, according to a former IMF official.

Air Liquide and Saipem loans show that bankers and borrowers are not yet slowing down as they seek to tie up remaining bumper deals they launched in a busy fourth quarter.

Flint Group, the printing and packaging inks supplier, has allocated a €150m add on facility to the six year term loan ‘B’ it signed in May.

BlackRock, Bank of New York Mellon and State Street have agreed to include Markit’s exchange traded fund collateral lists in their collateral management schedules.