ANZ

Eddie Listorti, global co-head of fixed income, currencies and commodities at Australia and New Zealand Bank, has stepped down to set up his own commodities-focused fund, according to an internal memo obtained by GlobalCapital Asia.

One more bank has joined the top group for a loan for Tata Power subsidiary Bhira Investments. The borrower had initially shortlisted six lenders for the facility to refinance a $460m loan it wrapped up in October 2014.

Markets were sceptical when the People’s Bank of China (PBoC) first launched an official RMB foreign exchange (FX) index, based on a trade-weighted basket of 13 currencies. Nearly two months later, experts are starting to give some credibility to the basket and are even proposing making it a more official part of China’s FX policy.

ANZ New Zealand this week became the latest in a slew of Antipodean financial institutions to print Swiss franc denominated debt.

South Korea’s Kookmin Bank issued its second ever covered bond this week, raising $500m from a five year note that was more or less a replica of its debut transaction.

Royal Bank of Canada (RBC) issued a five year Aussie dollar floater on Wednesday, attracting strong demand from Australian and Asian investors.

South Korea’s Kookmin Bank is looking to price its second covered bond on Thursday, while HNA Group is out to tap its existing dollar notes that were issued two months ago.

A $975m refinancing for India’s Reliance Industries has opened for general syndication via 13 mandated lead arrangers and bookrunners.

Australia and New Zealand Bank unveiled changes to its senior management on Wednesday, explaining that the moves would improve focus on its retail, commercial and institutional clients.

Thailand’s Ministry of Finance has given approval to four foreign institutions to issue baht-denominated bonds by September 30.

Singapore's Housing Development Board returned to the domestic market last week, raising S$1bn ($700m) from a deal that showcased the issuer’s strong credentials among Singapore dollar bond investors.

Tata Power subsidiary Bhira Investments, which has picked six lenders to arrange a refinancing of a $460m facility, is stretching the tenor of the new loan to five years.