Australia

Steven Maartensz and Dyson Bowditch have been named co-heads of equities distribution for Goldman Sachs in Australia, according to an internal memo seen by GlobalCapital Asia.

Sumitomo Mitsui Banking Corp has made a number of changes to its organisation in Hong Kong and Singapore, in a bid to improve its distribution platform.

Eurofima has increased its January 2027 Kangaroo bond by A$20m ($15.4m), taking the total outstanding volume of the bond to A$95m. The smaller sized, tap to demand reopening is a growing trend in the market, said bankers.

The SSA market enjoyed a resurgence of Kangaroo issuance this week. The flurry was mostly driven by Asian reverse enquiry, and stands in contrast to an inactive first half for SSA issuance in Aussie dollars.

KfW was able to price through its curve as it reopened an Australian dollar bond on Wednesday evening Australian time.

A Chinese company-led consortium is set to use staple financing worth A$800m ($606.4m) to back its acquisition of a stake in Australia’s GenesisCare. The transaction has piqued the interest of loan market participants given how rarely the instrument is used in Asia, writes Shruti Chaturvedi.

The Province of Quebec (Aa2/A+/AA-) sold an A$80m ($61m) tap of its May 2026 Kanga bond on Wednesday.

In a rarely seen occurrence in Asia, a Chinese company-led consortium is set to use staple financing to support its acquisition of shares in Australian company GenesisCare, according to sources.

Bank of America this week returned to the Australian dollar market after a two year absence, with an A$750m ($565m) dual tranche deal.

Northern Trust Capital Markets has hired Ben Brownette as a research analyst in its Sydney office in Australia.

Commonwealth Bank of Australia drew more demand than any other euro denominated Australian covered bond in over three years when it issued a €1.25bn 10 year this week.

Wells Fargo (A/A2/A-) offered two Australian dollar deals to the market this week, totalling A$1.65bn ($1.24bn).