Australia

Credit Suisse has hired a new head of debt capital markets for Australia.

Deutsche Bank has named Glenn Morgan as chief executive for its Australia business, giving the veteran banker the position on a permanent basis.

National Australia Bank priced an €850m seven year Australian covered bond on Monday, comfortably inside recent deals from New Zealand and opted against issuing a larger deal size at a wider spread. At the same time, Credit Emiliano mandated leads for another euro benchmark.

A pair of globally systematically important banks (G-SIBs) made rare visits to niche bond markets to raise senior debt at a group level this week, including a Canadian dollar market that is enjoying its busiest year for offshore financials since 2007.

Korean Housing Finance Corporation mandated leads for a euro covered bond on Thursday, to be issued under its social framework. At the same time, after this week’s trio of sterling covered bonds bankers believe there is scope for further Sonia-linked supply.

Hong Kong-listed mining company MMG has tapped equity investors for HK$2.34bn ($302.2m) after boosting the size of the primary share placement.

Deutsche Bank has made three senior hires to its coverage teams for China and Australia.

Banks bombarded the dollar market this week, with a deluge of supply from rare Yankee issuers and US heavyweights across the capital structure.

HSBC raised A$500m ($388m) on its return to the Australian dollar bond market on Thursday, securing a "fantastic" result by offering a pick-up over local bank bonds.

JP Morgan has appointed a new head of financial institutions group (FIG) investment banking coverage for Australia and New Zealand, according to an internal memo seen by GlobalCapital Asia on Monday.

Barclays returned to the Kangaroo bond market this week after being absent for two years to raise A$600m across three tranches of holding company debt. The market was split over which tranche offered the most value in pricing.

Barclays is set to end a two year absence from the Kangaroo bond market this week, as it seeks up to three tranches of callable senior debt.