National Australia Bank
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So far this week, euro corporate bond investors have had to choose between three tranches from an individual issuer. On Wednesday, they had a choice of three issuers, with different ratings and offering different tenors. -
Industrial and Commercial Bank of China’s Hong Kong branch made a quick return to the floating rate bond market, raising $700m from a dual-tranche outing on Monday. The lender was focusing more on price over size, with its five year proving to be investors’ sweet spot, according to bankers.
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Industrial and Commercial Bank of China’s Hong Kong branch is marketing a floating rate Reg S transaction featuring a three and a five year, having recently raised $1.1bn from a similar deal.
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Suomen Hypoteekkiyhdistys (Hypo) and Bank of New Zealand have announced marketing programmes ahead of expected covered bond deals.
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Yankee and domestic financial institutions unleashed a funding frenzy on the dollar market with $18bn in supply, as a strong technical backdrop gave way to volatility later in the week.
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The Bank of Queensland (BOQ) has published an offering circular for its newly established covered bond programme rated triple-A with Fitch and Moody’s, suggesting a roadshow could soon be announced for the first Australian conditional pass-through covered bond.
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National Australia Bank is selling its private wealth business in Singapore and Hong Kong, as it looks to simplify its structure and focus on corporate and institutional banking.
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Bumi Serpong Damai and ICBC Sydney jumped into the debt market on Tuesday, capitalising on the positive market sentiment following the French presidential election.
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Commonwealth Bank of Australia (CBA) sold one of the largest climate bonds an Australian bank has ever sold in the domestic market this week, as the nation’s lenders ramp up issuance in the format.
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World Bank proved its popularity in the Australian dollar bond market on Tuesday, selling a combination of medium and long dated debt for A$800m ($605.4m) to a wide variety of investors.
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Queensland Treasury Corp on Wednesday became the second Australian sub-sovereign government to issue a green bond.
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