The US Treasury's 7-year auction hit a high yield of 4.512% on Thursday, up from the 4.473% high in the previous auction.
The bid to cover ratio for the auction was 2.50, only slightly ahead of the 2.49 ratio in the previous auction.
Dealers represented 54.04% of the bids, with direct bidders at 16.87% and indirect bidders at 29.09%.
For takedown, dealers took 12.26%, with direct bidders at 26.96% and indirect bidders at 60.78%.
Commonwealth Bank of Australia (ASX:CBA) it issued SG$325 million worth of subordinated fixed reset notes due Aug. 27, 2036, on Thursday, according to a same-day Australian bourse filing.The notes potentially exchange into fully paid ordinary shares of the bank if a non-viability trigger event occurs. The number of ordinary shares issued on exchange is limited to 8,178 ordinary shares per subordinated security, with a nominal value of AU$276,449.The notes carry an initial interest rate of 3.150% per annum, and the reset date is Aug. 27, 2031.
Huaneng Lancang River Hydropower (SHA:600025) has completed the issuance of green bonds totaling 2.1 billion yuan to repay interest-bearing debt, according to a Shanghai bourse filing on Thursday.The offering consisted of two tranches, including 1.1 billion yuan in green super short-term commercial paper with an interest rate of 1.42% and a term of 225 days.Agricultural Bank of China (SHA:601288, HKG:1288) acted as the lead underwriter, with Bank of China (SHA:601988, HKG:3988) serving as joint lead underwriter.The second tranche consists of 1.0 billion yuan in green medium-term notes carrying a coupon of 1.88% with a 5+N year term. Bank of China acted as the lead underwriter alongside Industrial and Commercial Bank of China (HKG:1398, SHA:601398) as joint lead underwriter.
United Overseas Bank (SGX:U11) has priced a 1 billion-euro dual-tranche fixed-rate covered bond offering under its $15 billion global covered bond program, according to filings with the Singapore bourse on Thursday.The lender priced 500 million euros of 3.118% covered bonds due in 2028 and 500 million euros of 3.342% covered bonds due in 2031.The bonds will be guaranteed by Glacier Equity and are expected to be rated Aaa by Moody's and AAA by S&P.They are expected to be issued on Sept. 8, the filing said.