Commonwealth Bank of Australia

Bank of China's Macau branch has raised a modest amount from a swift floating rate transaction to give investors comfort about the bond’s secondary performance.

Commonwealth Bank of Australia (CBA) took advantage of a 40bp spread differential to senior dollar funding this week to issue its first dollar covered bond in three years.

Banks and insurers look set to pounce upon any more stable market days over the coming weeks to print deals before they enter blackout periods and the summer shutdown. Several took that approach this week by bringing deals on Wednesday, which was US Independence Day.

Sweden’s Lundin Petroleum has slashed 90bp off the margin of its $5bn reserves-based lending facility, as borrowers continue to heap pressure on lenders over pricing.

JP Morgan's launch of an environmentally and socially conscious version of its EMBI index is well timed, as fund managers realise that dodgy morals can lead to shabby financial statements.

Bank of Communications Hong Kong branch priced two dollar floaters alongside a Hong Kong dollar fixed rate bond on Wednesday, raising close to $1.7bn. A local government financing vehicle from China, Guangzhou Finance Holdings Group Co, wrapped up a $250m maiden bond.

London-listed Ophir Energy has agreed a bridge loan to back its $205m acquisition of southeast Asian assets from Australian oil and gas company Santos.

Australian property company Stockland was the first Australian issuer to sell a green bond in Europe in 2014. The company finally returned to the euro market on Thursday, but chose not to go with a green bond, on the same day as compatriot Ausgrid chose to price its new deal.

Bank of China joined its Chinese peers to sell floating rate notes (FRNs) offshore, while Fantasia Holdings Group Co added to the momentum in the high beta property sector. The two finished off an incredible week for both financial and corporate borrowers from the Mainland.

A tricky market backdrop helped lead to an underwhelming response to a Commonwealth Bank of Australia deal on Thursday, as the lender joined a string of five other financial institutions looking at the floating rate market in euros this week.

Westpac raised Swiss franc bonds on Monday, reaffirming the idea that financial institutions are best placed to act opportunistically in the Swiss market this year.

The Inter-American Development Bank has joined the New Zealand dollar market by bringing a NZ$200m ($144.7m) 2023 clip on Thursday. It has been a very active week so far in Kauri bonds, with Asian Development Bank pricing a NZ$500m on Wednesday.