Australian banks reorganise offshore teams
Two of the three Australian banks with offshore-based bond originators have made changes to their teams in the last few months, meaning that by the start of 2009 National Australia Bank (NAB) will be the only Australian bank with a full-time originator based in New York.Retail demand holding in NZ as ASB upsizes 2014
ASB Bank (AA/Aa2) (ASB) priced NZ$270 million (US$179.12 million) of six-year bonds on September 9 having increased the deal’s volume from NZ$50 million since its September 1 launch, with market sources saying retail demand continues to drive transactions from New Zealand banks.ANZ upsizes hybrid to A$1 billion at tight margin
The convertible preference share offer announced by ANZ Banking Group (ANZ) on August 27 has had its margin set and initial size announed, with the bank doubling its earliest volume projections and pricing at the tightest end of its indicative range, 250 basis points over BBSW.
Westpac New Zealand launches new domestic 2013
Westpac New Zealand (AA/Aa2) (Westpac) launched a new five-year self-led domestic transaction on September 8, with the bank confident of capturing a combined retail and institutional investor base for the fixed rate deal.