Structures - ASIA
More Kangaroo bonds with KfW raising AUD550m via a new 6-year deal. ANZ sold EUR and USD bonds in size, and NAB has tapped the Dim sum bond market.
Canadian Imperial Bank and RBC have both issued AUD-denominated bonds. MUFG and SMFG have sold good-sized JPY-denominated callables.
KfW and CPPIB Capital both upsized their existing Kangaroo bonds. Bank of Queensland and Bendigo & Adelaide Bank in 4y domestic bonds.
There have been some good amount of new AUD-denominated issues from foreign borrowers. ANZ sold a good-sized 3y EUR bond.
Australian banks continue to seek funding from the overseas markets, with some good-sized EUR- and USD-denominated deals from Westpac and Macquaire.
CBA has raised AUD5bn via a domestic bond offer. Westpac was active in EUR and USD bond issuances. ADB has priced its first Kanga deal for this year.
Kangaroo issuers have started selling bonds on the first few days of the new year. Australian banks have raised fund in the GBP and the USD markets.
A usual busy Friday for new JPY issues with Jera Co finalising JPY96.5bn worth of callables.
New issues in the Asia-Pacific market, including a multi-tranche Samurai deal by BPCE, Dim-sum bonds by DB and NBC, and some AUD new issues in size.
Renault has issued a 4y Samurai bond, and Sony and Softbank have sold domestic bonds in size.