Derivs - Equity

ANZ New Zealand has issued a EUR500 million ($693 million) covered bond, backed by prime New Zealand residential mortgages. This is ANZ New Zealand’s first entry into the Euro-denominated covered bond market. The offering is a five-year bond and priced at 95 basis points over the euro interest swap rate. Managing the deal were Barclays Capital, BNP Paribas and UBS, with DZ Bank acting as co-manager. It is being shopped to European accounts.

Dealers may develop agency models in preparation for Dodd-Frank implementation to provide best pricing and execution to their clients as swaps trading looks primed to move on-screen across a number of swap execution facilities.

Moritz Seibert, head of equity derivatives structuring at the Royal Bank of Scotland in New York, has left the firm.

Bank of America Merrill Lynch has hired Michel Sindelar as head of Central and Eastern Europe, Middle East and Africa emerging markets equities in London in a new role, according to a memo.

The China Banking and Regulatory Commission is making marketing and selling financial products aimed at wealthy private individuals harder.

Credit default swaps spreads on North American financial institutions widened another 1.7% in the past week, according to Fitch Solutions. By contrast, spreads on European sovereigns tightened 2% during that period.

Aaron Stambulich has left as head of structured products for Australia at Royal Bank of Scotland. Stambulich had joined the bank in 2009 when the bank mergers with ABN Amro, where he was head of equity structured products.

Broker-dealer ING Financial Partners has hired Andre Robinson as head of advisory business development and Rich Taylor as head of brokerage operations for its advisory business. Robinson most recently was v.p. of business development at Citigroup and Taylor was coo of Capital Guardian.

Barclays Capital has continued to expand it equities operations in Asia with the hiring of new bankers and addition of two new sectors to its Asia ex-Japan research. Joining the firm are Ephrem Ravi and Marcus Gunn from Morgan Stanley, and Scott Darling from Nomura.

Renaissance Capital has named John Hyman as co-head of investment banking and financing along with Andrew Cornthwaite. Based in Moscow, Hyman most recently was a partner in hedge fund Hyman and Cornthwaite and before that was co-head of global capital markets at Morgan Stanley.

Nomura has tapped Traiana to expand its exchange-traded derivatives client service platform.

UBS is marketing three-year structured notes linked to the credit risk and shares of Telefonica to high-net-worth individuals and family offices in Switzerland.