United States

Simon Property Group, the US property company that is the world’s largest real estate investment trust, launched a benchmark seven year euro bond this morning, its first issue in the currency for over two years.

Ethypharm, the French pharmaceuticals company, has allocated €287.5m of new loan facilities at a wider margin than it initially proposed.

Halliburton jumped at the chance to wrap up its jumbo M&A financing, after the US Federal Reserve chief Janet Yellen said that a rate rise in December was a ‘live possibility’.

This week’s landmark conviction in a Chicago court of a high frequency trader for ‘spoofing’ and commodities fraud has delivered a chilling statement of intent by US authorities to other suspects in the firing line and cranked up nervousness across the markets.

BorgWarner, the US car engine and drivetrain maker, furthered the return of reverse Yankee bonds to Europe's corporate market on Monday, by issuing a €500m seven year no-grow deal.

Plunging swap spreads, coupled with data releases and holidays in the US, are set to make dollar benchmark issuance difficult in all but the most defensive of tenors next week, public sector bankers have warned.

Bankers are expecting the Financial Stability Board (FSB) to loosen up its final total loss-absorbing capacity (TLAC) rule, set to be published on Monday, after the Federal Reserve published its own draft consultation of the rule last week.

A supranational issuer is understood to be mulling a visit to the belly of the dollar curve, but may have to pay up to do so as five year swap spreads have fallen into negative territory.

Veritas, the Californian data management company, has become the first US borrower to roadshow for a euro high yield bond in the second half of this year — and bankers say it will soon have company.

A Chicago court has convicted a high frequency trader of ‘spoofing’ and commodities fraud, in a landmark case that could have dramatic implications for the futures market.

Plenty of demand is driving SSA issuance to the shorter end of the curve and into green bonds this week.

The International Swaps and Derivatives Association has published a new version of its protocol addressing withholding tax on equity derivatives, in response to US tax law changes.