australia

The move by Australia to phase out the bonds may reflect the unusually high level of retail investor holdings of AT1 instruments in the country, Fitch Ratings said.

The bank has made several appointments across markets' sales, asset-backed securitisation & financing, G10 rates trading and corporate access.

The new environmental futures’ contracts are designed to support liquidity amid the energy transition to net zero.

David Bailey will return to Australia from his current role as head of Citi’s cross border capital markets in New York.

Investors from Asia and Europe were on the oversubscribed deal, which was managed by Commonwealth Bank of Australia, Deutsche Bank, NAB, UBS and Westpac. Proceeds will be used for projects such as hydrogen hubs.

The Southeast Asia (SEA) Investment Financing Facility will provide loans, guarantees, equity and insurance for projects to help boost Australian trade and investment, with clean energy and infrastructure development as key targets.

Jacob Berman, the bank’s former head of client coverage in Japan, has taken up the position which sits within SC’s corporate and institutional banking unit.

Cristina Chang will lead Citi ANZ’s markets business while retaining her role as head of asset backed financing, spread products, Asia North, Australia and South Asia.

In a challenging fundraising environment, a combination of overseas and local investment is positioning itself to spur some of the most innovative climate tech start-ups in Australia and New Zealand.