Commonwealth Bank of Australia

Bank of China, CCB Life Insurance and Citic Securities kicked off investor meetings and calls this week, in pursuit of Reg S deals.

Yorkshire Building Society defied concerns around the UK’s decision to leave the European Union this week, issuing a well oversubscribed covered bond that was very broadly distributed and that priced almost flat to its curve.

OP Corporate Bank and Commonwealth Bank of Australia were not overwhelmed with demand for their fixed rate senior deals this week, as absolute spread levels for the product grind tighter and tighter.

Yorkshire Building Society issued a €500m six year covered bond almost flat to its curve with strong demand on Monday. At the same time Commonwealth Bank of Australia priced a €750m seven year, a solid trade but one that lacked sparkle.

BBVA and Commonwealth Bank of Australia were both targeting the five year part of the maturity curve on Monday, tapping into good demand in the vanilla senior debt market.

Commonwealth Bank of Australia (CBA) sold one of the largest climate bonds an Australian bank has ever sold in the domestic market this week, as the nation’s lenders ramp up issuance in the format.

Qantas Airways is holding roadshows in Singapore, Hong Kong and Taipei for its latest fundraising, a two tranche revolver that refinances a A$1.13bn ($849m) loan raised a few years ago.

Queensland Treasury Corp ran a prototype bond auction on Commonwealth Bank of Australia’s blockchain platform, the bank said on Tuesday. QTC generated a bond tender, viewed investor bids in real time, finalised investment allocation and settled the dummy issue instantly — although it was on both sides of the deal, as sole issuer and investor.

Investor Access, a platform which allows investors to submit orders for a new bond issue directly into the order book was deployed for the first time last week on a Commonwealth Bank of Australia sterling covered bond. Now work is underway to convince more dealers of the initiative’s worth.

Royal Bank of Canada, Canadian Imperial Bank of Commerce, Commonwealth Bank of Australia and Deutsche Pfandbriefbank tapped the sterling covered bond market this week at cheaper levels than they could have achieved in euros and dollars.

Commonwealth Bank of Australia swept up remaining demand in the now saturated five year sterling covered bond market on Thursday, while Deutsche Pfandbriefbank (PBB) got a fair reception for the first three year floating rate covered bond of the year.

Commonwealth Bank of Australia drew strong demand for its five year Australian dollar covered bond tranches, but its 10 year was without doubt a struggle.