Australia

Citi returned to the Australian dollar market on Wednesday, raising a A$750m five year dual-tranche Kangaroo that will contribute to the bank's total loss-absorbing capacity (TLAC) requirements.

Citi launched a five year Kangaroo bond on Tuesday, tapping into a recent bid from Asian investors itching for yield.

Paediatric nutrition company Biostime has signed up one lender to arrange a $450m take out of a bridge loan raised last year for the acquisition of Swisse Wellness.

A pair of rare SSA names kept Kangaroo and Kauri bond supply ticking over this week, as Asian investor appetite drove demand.

Ashurst has named Paul Jenkins as a managing partner of the law firm with effect from June 1. He continues to be based in Sydney.

Citi has created a new position of head of corporate banking for Asia Pacific, naming Gerry Keefe in the role.

HSBC has appointed Hamish Kelly as head of global banking for Australia, replacing Chris Russell, who recently took over as chief executive for New Zealand.

The volatility in renminbi markets has meant local corporates have had to adjust their expectations for the RMB, but Commonwealth Bank of Australia is seeing the currency growing in popularity.

Allocations have been revealed for a $274m triple-tranche loan for Indian pharmaceutical firm Strides Arcolab's acquisition in Australia.

ANZ has named Tessa Price as the head of its Pacific Islands operations, according to a press release from the bank.

ASB Finance opened books on Tuesday for the first New Zealand covered bond in euros this year. The New Zealand market is illiquid so fair value is hard to gauge, but the new issue concession was “juicy,” said a lead.

ANZ’s chief executive officer for the Pacific Vishnu Mohan is retiring after 40 years in the banking industry, more than seven of which were with the Australian lender.