Oceania

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.

Citi has created a new position of head of corporate banking for Asia Pacific, naming Gerry Keefe in the role.

HSBC has appointed Hamish Kelly as head of global banking for Australia, replacing Chris Russell, who recently took over as chief executive for New Zealand.

The volatility in renminbi markets has meant local corporates have had to adjust their expectations for the RMB, but Commonwealth Bank of Australia is seeing the currency growing in popularity.

Allocations have been revealed for a $274m triple-tranche loan for Indian pharmaceutical firm Strides Arcolab's acquisition in Australia.

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.

ASB Finance opened books on Tuesday for the first New Zealand covered bond in euros this year. The New Zealand market is illiquid so fair value is hard to gauge, but the new issue concession was “juicy,” said a lead.

ANZ’s chief executive officer for the Pacific Vishnu Mohan is retiring after 40 years in the banking industry, more than seven of which were with the Australian lender.

Rejecting once again the designation ‘Basel IV’ for upcoming pieces of its regulatory framework, the Basel Committee on Banking Supervision’s secretary general, William Coen, said on Tuesday that yet more needs to be done to fortify the banking sector once the remaining pieces of Basel III are finalised.

ASB, a New Zealand bank owned by Commonwealth Bank of Australia, is set to issue the first euro denominated covered bond of the year from the country, after mandating leads on Monday.