Westpac

Market participants believe the FIG primary market has seen its last deal of the year, with banks now positioning themselves for the busy January supply window and next week’s expected US rate hike.

Activity in the covered bond market had been expected to slow down but instead it has been surprisingly busy this week, with as many as three euro benchmarks surfacing over the first three days.

Westpac was set to print its second foreign currency deal in as many days on Tuesday, but some bankers said the borrower ran into difficulties in euros.

Westpac looked to the sterling market for a seven year senior deal on Monday, as the number of redemptions in the UK currency swells towards the end of the year.

BoC Aviation has increased its latest borrowing to $500m after banks from across Asia poured into the transaction.

BoC Aviation has wrapped up its latest borrowing at a bigger size of $500m as banks from across Asia poured into the transaction.

Korea Development Bank (KDB) returned to the Singapore dollar bond market on November 26, bagging S$200m ($142m) from a three year deal. The offering marks the Korean policy bank’s third offshore outing in just one week, following deals in Australian dollars and offshore renminbi.

Intel, the US technology company, raised A$800m ($578.44m) in its debut Kangaroo deal on Tuesday afternoon, drawing strong demand from Asian investors.

India’s Reliance Industries signed its $1.47bn dual-currency loan on November 20 in Dubai, sealing the deal after commitments from a 30-strong group lenders.

The Singapore dollar bond market saw some action on November 26 with Korea Development Bank (KDB) selling a deal in the Lion City.

Intel, the American technology company, raised $A800m in its debut Kangaroo deal on Tuesday afternoon, drawing strong demand from Asian investors.

India’s Reliance Industries signed its $1.47bn dual-currency loan at the end of last week in Dubai, with the deal sealed following commitments from a group of around 30 lenders.