Australia

Latin America development bank Corporación Andina de Fomento (CAF) has made its fourth outing in the Australian dollar market.

Australia and New Zealand Bank announced on Tuesday that it would cut 12 jobs in the markets division to simplify its business and focus on cost management.

Australian banks are going through one of their toughest periods as slowing economic growth and greater regulatory oversight cause them to rethink their business models, especially when it comes to overseas activity. With new CEOs in place at three of the four big lenders, the industry is set for an overhaul. Ben Power reports.

You know the results, now find out the reasons why. Asiamoney presents the full write-ups of our Australia Deals and Investment Bank of the Year Awards.

Deutsche Bank has hired Jason Cox as a co-head of equity capital markets for Asia Pacific, as the bank lays out the management structure for the region.

Upcoming commercial paper regulation has triggered a flurry of MTNs from Australian banks, moving away from an asset class in which they have historically been very active.

Intercontinental Exchange has begun clearing the iTraxx Australia and Asia ex-Japan Investment Grade credit default swap indices, as well as six individual sovereign credits in the region.

Deals came thick and fast in Europe’s investment grade corporate bond market on Tuesday, but euphoria from the European Central Bank’s surprise decision to start buying the bonds does not mean investors are buying indiscriminately. Transurban Queensland had to pull a bond and some secondary spreads are widening.

Toronto-Dominion Bank (TD) and National Australia Bank (NAB) raised more than €3bn this week in the US dollar denominated covered bond market, nearly doubling supply seen so far this year.

Far from a signal of returning strength in commodities, this week’s iron ore surge was due to freak activity in derivatives markets, an analyst has claimed, since daily futures volumes were equal to the annual output of big iron ore producers.

A pair of SSAs are set to print in the Australian dollar market this week, as bankers report strong Asian appetite for public sector Kangaroo bonds.

Citi is set to end a decade long association with China Guangfa Bank (CGB) having announced this week that it will be selling its entire stake in the lender to China Life Insurance.