New Zealand

Global Dairy Trade, a platform that sets prices for the global dairy market, is pushing ahead with plans to bring dairy trading up to speed with other commodity markets and which could impact currency and futures activity.

ANZ has appointed Shayne Collins as a managing director of its markets business, the Australian lender announced on Monday.

A pair of rare SSA names kept Kangaroo and Kauri bond supply ticking over this week, as Asian investor appetite drove demand.

The Asian Development Bank added to a busy few weeks in the Kauri market with a NZ$200m ($140m) five year note on Wednesday.

Rentenbank added to a strong run of Kauri issuance over the last week with a NZ$100m ($69.2m) five year deal on Tuesday, as another issuer lined up a trade in the format.

The World Bank increased a January 2021 New Zealand dollar note on Thursday with a tap that is largest issue in the Kauri market so far this year, according to a banker on the deal.

ANZ has named Tessa Price as the head of its Pacific Islands operations, according to a press release from the bank.

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.

Korea Development Bank (KDB) announced plans on Tuesday to return to the Kauri market, with what would be its first note in the format since 2014.

Standard Chartered’s former head of debt capital markets for Hong Kong, Peter Szekely, has moved to a new position at Australia and New Zealand Bank.

Rabobank has announced two senior management changes to its Australia and New Zealand operations, promoting Peter Knoblanche and Todd Charteris from within.

ING Belgium and Bawag received good receptions for their covered bonds issued this week, in contrast to less spectacular outcomes for deals from Westpac New Zealand and UniCredit.