Commonwealth Bank of Australia

Commonwealth Bank of Australia (CBA) weighed into the tier two market on Monday, with market participants expecting new issuance volumes to remain very high going into October.

Sumitomo Mitsui Financial Group and Commonwealth Bank of Australia lit up the dollar market with the first trade of the month after supply lay dormant following the July 4 holiday weekend.

Qantas Airways has wrapped up its latest borrowing at A$900m ($676m). The Australian carrier had held roadshows in Singapore, Hong Kong and Taipei and drew a response from Chinese, Singaporean and Taiwanese banks, among others.

Wells Fargo brushed off heightened political tension in France and Korea on Wednesday, offering a triple-tranche bond to a hungry Australian dollar bond market.

Wells Fargo is expected to sell on Wednesday a dual tranche deal in Australian dollars — a rare offering from a well-known name.

Bank of China hit Asia's debt market hard on Tuesday, unleashing a huge deal spanning four currencies and six tranches. The $3.1bn-equivalent deal was designed to make a statement to the market that it should not forget China’s Belt and Road initiative, DCM bankers said. Morgan Davis and Addison Gong report.

Bank of China launched its multi-currency, multi-tranche transaction on Tuesday morning, as Citic Securities also opened books for two tranches of dollar notes.

Bank of China, CCB Life Insurance and Citic Securities kicked off investor meetings and calls this week, in pursuit of Reg S deals.

Yorkshire Building Society defied concerns around the UK’s decision to leave the European Union this week, issuing a well oversubscribed covered bond that was very broadly distributed and that priced almost flat to its curve.

OP Corporate Bank and Commonwealth Bank of Australia were not overwhelmed with demand for their fixed rate senior deals this week, as absolute spread levels for the product grind tighter and tighter.

Yorkshire Building Society issued a €500m six year covered bond almost flat to its curve with strong demand on Monday. At the same time Commonwealth Bank of Australia priced a €750m seven year, a solid trade but one that lacked sparkle.

BBVA and Commonwealth Bank of Australia were both targeting the five year part of the maturity curve on Monday, tapping into good demand in the vanilla senior debt market.