National Australia Bank

Though none of them are ruling out a victory for Donald Trump, FIG market participants are positioned for Hillary Clinton to win the 2016 US presidential election. Banks could be ready to launch new trades on the same day as the result is announced.

Caja Rural Navarra is planning the first green covered bond of the year. It follows a trio of covered bonds issued by Australian banks and the first transaction to be issued from Nordea in more than a year.

National Australia Bank has mandated leads for a five year sterling floating rate bond, alongside a seven year euro senior unsecured benchmark.

SpareBank 1 SR-Bank raised €500m of 5.25 year senior funding on Thursday, though the order book may have been suppressed amid a series of central bank meetings and ahead of the US elections on November 8.

High Speed Rail Finance, the financing vehicle for the High Speed 1 (HS1) project — the train line between London and the channel tunnel to France — said on Monday it was planning on issuing £314m of private placement notes.

The Bank of Queensland’s (BoQ) upcoming conditional pass through (CPT) covered bond, the first CPT from an Australian issuer, will mark a major step in the use of the structure, with cross-currency swaps used for the first time.

National Australia Bank and Credit Suisse have both received the approval of investors to change terms of their existing covered bonds.

Clydesdale was well supported for its first foray into the sterling subordinated debt market on Monday, allowing the lender to resell £925m of capital and underscoring the health of the sterling market.

National Australia Bank will give investors the chance to buy into Clydesdale additional tier one and tier two debt, having mandated banks for a roadshow next week.

Raiffeisenlandesbank Oberösterreich has mandated joint leads for its first benchmark euro covered bond and the Bank of Queensland has hired leads to explore options for a potential structure.

Bank of America this week returned to the Australian dollar market after a two year absence, with an A$750m ($565m) dual tranche deal.

Wells Fargo (A/A2/A-) offered two Australian dollar deals to the market this week, totalling A$1.65bn ($1.24bn).