Commonwealth Bank of Australia

UK-listed Ophir Energy has amended and extended its reserves-based lending facility, as a surge of end of year deals continue to work their way through the market.

The Australian Prudential Regulation Authority has taken a very different approach from the rest of the world with its total loss-absorbing capacity (TLAC) rules, proposing that banks meet these new capital requirements with tier two rather than any new form of bail-inable senior debt.

A dearth of corporate bond supply on Wednesday, due to a German public holiday, was followed by deals from airport operators in two markets on Thursday. Aéroports de Paris (AdP) opted for the domestic route, while Heathrow made its first visit to the Australian market.

The World Bank’s first attempt at a blockchain bond raised A$110m ($80m) of two year paper in a public deal — created, allocated and settled using blockchain technology.

DZ Hyp has mandated leads for a non-deal roadshow, RLB Vorarlberg has mandated leads to roadshow its first covered bond, and ASB Finance has also appointed leads for a series of investor meetings.

World Bank is preparing to launch a bond on the blockchain — the first ever publicly issued deal to be created, allocated and settled entirely using blockchain technology.

Bank of China's Macau branch has raised a modest amount from a swift floating rate transaction to give investors comfort about the bond’s secondary performance.

Commonwealth Bank of Australia (CBA) took advantage of a 40bp spread differential to senior dollar funding this week to issue its first dollar covered bond in three years.

Banks and insurers look set to pounce upon any more stable market days over the coming weeks to print deals before they enter blackout periods and the summer shutdown. Several took that approach this week by bringing deals on Wednesday, which was US Independence Day.

Sweden’s Lundin Petroleum has slashed 90bp off the margin of its $5bn reserves-based lending facility, as borrowers continue to heap pressure on lenders over pricing.

JP Morgan's launch of an environmentally and socially conscious version of its EMBI index is well timed, as fund managers realise that dodgy morals can lead to shabby financial statements.

Bank of Communications Hong Kong branch priced two dollar floaters alongside a Hong Kong dollar fixed rate bond on Wednesday, raising close to $1.7bn. A local government financing vehicle from China, Guangzhou Finance Holdings Group Co, wrapped up a $250m maiden bond.