Australian dollar

◆ Senior non-preferred green deal brings back larger funding in a single, longer maturity ◆ Small concession paid ◆ Senior preferred Kangaroo in belly of curve to follow

Company looking to become a frequent face Down Under

◆ Bank issues two deals a day after record earnings ◆ Week's fourth euro tier two ends with largest demand ◆ Earlier senior bond achieves highest-ever book for an Australian dollar credit trade

Aussie covered supply could rise if proposal to lift cover pool cap passes

◆ Syndicate desks say if deal was expected ◆ Flurry of SSA bullet and structured MTNs ◆ Mandates hit screen after US data

◆ HSBC prints A$1.5bn into 'growing market' ◆ Banco Santander lures buyers amid value vs euros ◆ Aussie market 'more appealing'

Supranational remains ahead of the curve in completing its 2024-2025 funding task

In contrast to Europe, heavy retail presence prompts Australian regulator to rejig local banks' capital stacks

Canadian bank takes A$1.5bn with biggest covered deal in currency since September 2023

Australia offers a perfect getaway from crowded northern markets for global credit issuers

Issuer to fund €2.5bn with an average maturity of eight years

◆ BNPP follows Barclays' lead with A$1bn tier two ◆ Aussie dollar investors 'positioning' into higher yielding debt before rate cuts ◆ Barclays also raises AT1 capital in the region