ANZ

ANZ New Zealand was looking to raise €500m of seven year senior bonds in the euro market on Tuesday, having assessed its funding options in both senior and covered bonds during a roadshow earlier this month.

ANZ has hired Richard Dawson as the new head of loans and specialised finance, international, according to a Tuesday announcement.

Tata Sons is poised to end a decade-long absence from the syndicated loan market when it launches a $1.5bn transaction later this month.

Abu Dhabi-based Union National Bank has distributed more than 50% of its $500m five year bond outside the Middle East, bucking the recent trend for more locally distributed bonds, according to a banker on the deal.

Tata Sons could launch a $1.5bn borrowing within the next two weeks, as the Indian firm prepares its return to the syndicated loan market after a decade.

Union National Bank has tightened price guidance on its benchmark dollar five year bond.

The SRI market is in full swing. Two borrowers are set to come to market on Tuesday, while a third is going on the road to promote its return to the format.

Austrian wood products manufacturer Egger Holzwerkstoffe sold its third hybrid capital deal on Monday, with its largest size and lowest coupon to date. At the same time, Brisbane Airport announced plans to diversify its investor base.

Indian agriculture company UPL Corp grabbed $300m from the sale of a 10 year bullet maturity bond on Thursday, after fighting the weak market backdrop to get the deal done.

March could be the month Indian international bond issuance soars. Corporations from the country are ready to hit the offshore debt market as a weaker domestic market puts pressure on fundraising.

First Abu Dhabi Bank raised $650m with its market return on Monday, as Gulf Corporation Council financial supply continued with Union National Bank.

A number of Indian issuers are preparing to head to the international debt market, as the appeal of offshore fundraising rises amid pressure in the domestic bond market.