Oceania

Singapore’s army of private bank accounts were spoilt for choice this week with a triple-whammy of bank capital transactions that suited them perfectly — an additional tier one from United Overseas Bank and tier two offerings from Société Générale and National Australia Bank.

UBS has appointed Damien Brosnan and Peihao Huang to the newly created positions of co-heads of ECM solutions for Asia, effective from last Friday.

Goldman Sachs’ head of Australian equities will be leaving after more than a decade with the bank to pursue other ventures.

National Australia Bank extended its curve with a dual-tranche offering on Tuesday, as Aussie banks return to the market following Westpac’s dollar effort.

TriOptima, the over-the-counter post trade service provider, has teamed up with the Depository Trust & Clearing Corporation on reconciling data reported by Australian, Hong Kong and Singapore firms to the DTCC’s Global Trade Repository.

Citi returned to the Australian dollar market on Wednesday, raising a A$750m five year dual-tranche Kangaroo that will contribute to the bank's total loss-absorbing capacity (TLAC) requirements.

Citi launched a five year Kangaroo bond on Tuesday, tapping into a recent bid from Asian investors itching for yield.

Paediatric nutrition company Biostime has signed up one lender to arrange a $450m take out of a bridge loan raised last year for the acquisition of Swisse Wellness.

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

Ashurst has named Paul Jenkins as a managing partner of the law firm with effect from June 1. He continues to be based in Sydney.

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.