Investment Banking

Offers open connectivity to third party data for research distribution, monitoring and evaluations; creates a provider-neutral hub for MiFID II research payments

Export Development Canada (EDC) priced USD 500 million 1.625% Fixed Rate Green Bond due June 1, 2020. The lead underwriters were HSBC, J.P. Morgan and SEB. This offering is scheduled to close on June 1, 2017.

BNP Paribas announced a settlement with the New York State Department of Financial Services (DFS) relating to its investigations into past misconduct in BNP Paribas’ foreign exchange business.

The index targets investors interested in a smart beta concept that puts more emphasis on the role played by free cash flow yield, aside from tilting composition towards high dividend and low volatility shares. Specifically, free cash flows are typically used to provide an insight into a company’s financial health.

Euronext announces the acquisition of c.90% of FastMatch, Inc. for $153 million initial cash consideration. FastMatch’s management will remain invested with a c.10% interest, with minority rights. Closing is subject to regulatory and anti-trust approvals, and is expected to occur in Q3 2017.