Oceania

Auckland Council on Thursday pulled off a 7bp tightening for its first ever public deal in euros. The trade was joined in the market by paper from the City of Hamburg and Bpifrance Financement.

Royal Bank of Canada, Canadian Imperial Bank of Commerce, Commonwealth Bank of Australia and Deutsche Pfandbriefbank tapped the sterling covered bond market this week at cheaper levels than they could have achieved in euros and dollars.

Commonwealth Bank of Australia swept up remaining demand in the now saturated five year sterling covered bond market on Thursday, while Deutsche Pfandbriefbank (PBB) got a fair reception for the first three year floating rate covered bond of the year.

ANZ and CIMB have both revealed plans to sell their respective stakes in Shanghai Rural Commercial Bank (SRCB) and Bank of Yingkou, as part of strategies to focus on their core businesses.

The renminbi qualified foreign institutional investor (RQFII) scheme is set to end 2016 on a disappointing note with the combined value of quotas awarded amounting to roughly half of last year’s total.

A A$484.2m ($361.5m) five year facility to support Philippine company Universal Robina Corp’s acquisition of Snack Brands Australia has been allocated, with 17 new lenders coming in.

ANZ has promoted Katharine Tapley to the head of its sustainable finance solutions department.

National Australia Bank on Wednesday issued its second dollar benchmark of the year and managed to fund it at a tighter level than it could have hoped for in euros. However, the more conspicuous funding advantage for borrowers lies in sterling covered bonds.

National Australia Bank issued its second dollar benchmark of the year and managed to fund at a slightly tighter level than it could have hoped for in euros. However, the more conspicuous funding advantage is in sterling covered bonds

National Australia Bank has opened books for its second dollar-denominated covered bond of the year and the third in dollars from Australia this year.

Goldman Sachs has appointed Andrew Lyons and Matthew Ross as co-heads of Australia equity research alongside Matthew McNee.

ANZ has promoted Paul White and Jimmy Choi to co-heads of capital markets, giving them responsibility over debt origination and debt syndicate across all markets.