Americas

State oil firm raises $800m for buy-back after government proposes ambitious economic overhaul

Issuers take in small concessions and big books, as bankers ask after long maturity trades

◆ European banks lead issuance with focus on senior funding ◆ Market wobbles prove funding more challenging than expected ◆ Foreign banks’ capital raising is one prominent feature

Serenity is the right reaction to a likely increase in the sovereign's borrowing

Mexican lender falls short of bond size target as late 2023 momentum fades

Volatile market proves little obstacle for long maturity funding

Sovereign draws in new investors as it raises $7.5bn to fund growing deficit

Canadian banks are expected to be one of the largest issuer groups in the asset class as they diversify across currencies

Higher rates and rallying equities drew US companies back to the asset class

A late year rally in US Treasuries sparked optimism in a Latin American cross-border bond market that has been sluggish for two years. But GlobalCapital’s survey of senior LatAm bond bankers at 17 DCM houses shows observers are far from certain what the revival will look like and what will drive it.

◆ Rate cut expectations raise appeal of bank debt ◆ NBC and Ally Financial push annual issuance to $593bn ◆ Yankee and US regional banks expected to lift supply in 2024

Dovish guidance from the Federal Reserve has boosted the US high grade market