Amundi (AMUN.PA) is purchasing two-year US Treasury notes after the bonds' yield jumped to over 4.50% in the previous week, Bloomberg News reported Monday.
Senior Portfolio Manager for Amundi Asset Management Nicolas Dahan said the French asset manager may use the two-year bonds to hedge against a "non-electable risk" of economic growth slowdown driven by oil price hikes, and reduce its short-end exposure on the US curve, according to a Sept. 11 interview cited by the news agency.
Shanghai Rural Commercial Bank (SHA:601825) completed the issuance of 3 billion yuan of three-year fixed-rate bonds, according to a Saturday filing with the Shanghai bourse.The bonds have a coupon rate of 1.58%. Proceeds will be used to meet asset-liability allocation needs, refill funding sources, and enhance credit extension, the bank said in its filing.
National Australia Bank (ASX:NAB) will issue 15 billion yen subordinated fixed reset notes due September 2036 under its $100 billion global medium term note program, according to a Monday filing with the Australian bourse.The notes will convert to fully paid shares if the Australian Prudential Regulation Authority determines it necessary to prevent the issuer from becoming non-viable, the filing said.
HSBC (HKG:0005) issued 54.3 billion yen of senior unsecured callable bonds in three tranches, according to a filing with the Hong Kong stock exchange on Friday.The offering includes 21.6 billion yen of Thirteenth Series notes with a 2.769% coupon, due September 2030; 25.7 billion yen of Fourteenth Series notes carrying a 3.227% coupon, due September 2032; and 7 billion yen of Fifteenth Series notes with a 3.879% coupon, due September 2037.The lender has applied to list the bonds on the Official List of Euronext Dublin for trading on the Global Exchange Market.