Commonwealth Bank of Australia

Five banks raised more than $10bn in the senior unsecured dollar market this week, exploiting strong demand and at spreads that were in line with where covered bonds would have priced.

Commodities trader Noble Group is in the spotlight again after Fitch and Moody's published divergent ratings on Monday. Fitch took a more benign view on Noble, but Moody's downgraded it to B2 from Ba3 with a negative outlook.

Commonwealth Bank of Australia drew more demand than any other euro denominated Australian covered bond in over three years when it issued a €1.25bn 10 year this week.

Commodities trader Noble Group has wrapped up a $1bn committed unsecured revolver with 25 banks joining the transaction, alongside a $2bn revolving borrowing base facility.

Covered bond borrowers in the UK, Sweden, France, New Zealand and the Netherlands met with strong receptions for their transactions this week, which collectively raised nearly €6bn.

Hong Kong-based commodities trader Noble Group is back in the market for a $1bn loan to refinance outstanding debt. But the company is paying up dearly for the fundraising as it battles scepticism around its sector and the state of its financials. Shruti Chaturvedi reports.

Loss-making commodities trader Noble Group has launched a richly priced $1bn one year refinancing into general syndication.

Oil and gas company KrisEnergy has extended a $111m revolver by one year, according to a release last Friday.

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.

Two UK funds have acquired a stake in one of the largest onshore wind farms in the country, Clyde Wind Farm. There is a healthy pipeline of utilities M&A according to one investor, which would be a boost for infrastructure loans.

Svenska Handelsbanken has chosen three banks to work on its first Kangaroo bond since 2014.

Commonwealth Bank of Australia (CBA) funded itself more cheaply with a 15 year covered bond than it did with a five year this week. It followed Swedish Covered Bond Corporation (SCBC) which issued at the same spread as earlier deals despite a market widening.