National Australia Bank

National Australia Bank and Credit Suisse have both received the approval of investors to change terms of their existing covered bonds.

Clydesdale was well supported for its first foray into the sterling subordinated debt market on Monday, allowing the lender to resell £925m of capital and underscoring the health of the sterling market.

National Australia Bank will give investors the chance to buy into Clydesdale additional tier one and tier two debt, having mandated banks for a roadshow next week.

Raiffeisenlandesbank Oberösterreich has mandated joint leads for its first benchmark euro covered bond and the Bank of Queensland has hired leads to explore options for a potential structure.

Bank of America this week returned to the Australian dollar market after a two year absence, with an A$750m ($565m) dual tranche deal.

Wells Fargo (A/A2/A-) offered two Australian dollar deals to the market this week, totalling A$1.65bn ($1.24bn).

The Treasury Corporation of Victoria on Tuesday became the first ever semi-governmental institution to issue a green bond in Australia.

National Australia Bank printed its biggest ever dollar trade as investors shrugged off volatility and piled into new issues.

The Treasury Corp of Victoria has mandated National Australia Bank to lead an Australian dollar green bond.

Manchester Airport Group, the UK airports company, has signed £560m of refinancing loan facilities after a recent bond issue.

Covered bond volumes were higher this week than last even as mounting fears of a UK decision to leave the European Union lead to greater volatility and increased execution risk.

Westpac New Zealand’s €750m five year this week attracted the largest order book and was priced at the tightest ever spread for a New Zealand covered bond. Bank of New Zealand is set to follow.