John Weavers is a Senior Report at International Financing Review based in Sydney where he covers the Australian and New Zealand bond and securitisation markets. John joined IFR in London in 2004 as senior reporter responsible for emerging markets, before transferring Down Under in 2011. Before IFR, he was a senior reporter for Informa Global Markets, having previously written for the Economist Intelligence Unit and Latin American Monitor. John has a BA in Economics from Warwick University and a MSc in Economics of Latin America from Queen Mary College, University of London.
Commonwealth Bank of Australia (Aa3/AA–/AA–) reopened the domestic bond market last Tuesday with a self-led A$2.5bn (US$1.78bn) dual-tranche senior unsecured five-year issue that confirmed a further rise in wholesale funding costs.
The Asian Development Bank smashed Green Kangaroo bond records last Tuesday, with a debut A$1bn (US$713m) five-year sale that underlines the benefits of placing socially responsible labels on new issues Down Under.
National Australia Bank likely wrapped up major bank issuance for the year last Friday with a A$1.63bn (US$1.17bn) RMBS sale, although it is Australia’s senior unsecured market that has increasingly dominated wholesale funding through 2018.