Australia
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National Australia Bank paid a minimal concession for a relatively large sterling five year, which it sold alongside a seven year senior unsecured benchmark, on Friday. -
Commonwealth Bank of Australia drew strong demand for its floating rate five year Australian dollar benchmark covered bond. The fixed rate five year portion managed to get to only half the size of the floating rate piece, while 10 year tranche was clearly more of a struggle.
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Caja Rural Navarra is planning the first green covered bond of the year. It follows a trio of covered bonds issued by Australian banks and the first transaction to be issued from Nordea in more than a year.
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National Australia Bank has mandated leads for a five year sterling floating rate bond, alongside a seven year euro senior unsecured benchmark.
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Commonwealth Bank of Australia has announced a self-led multi-tranche Australian dollar covered bond for launch later this week.
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Australia and New Zealand Bank has mandated leads for a European roadshow in what will be its first covered bond in two years, while Turkey's Yapi Kredi's first covered bond series was assigned a rating by Moody's.
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Australia and New Zealand Bank has mandated leads for a European roadshow with a view to issuing a euro denominated covered bond or a senior unsecured benchmark, or both. DG Hyp has mandated leads for a long eight year Pfandbrief.
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ICBC Sydney issued a Rmb1.2bn ($177m) dim sum bond on Thursday, tapping investor interest for short term liquidity with a two year offering.
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ICBC Sydney has returned to the dim sum bond market with the launch of a new two year bond.
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Syndication is under way for a A$500m ($380m) five year facility to support Philippine consumer food and beverage company Universal Robina Corp’s acquisition of Snack Brands Australia.
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Australia sold its largest ever bond in its longest ever maturity on Wednesday. Overseas investors swarmed towards the sovereign’s high yielding offer.
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Goodman European partnership, the Luxembourg property vehicle managed by Australian Goodman Group, was alone in the euro market on Thursday with a dual tranche sub benchmark trade.
