GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Commonwealth Bank of Australia

  • Commonwealth Bank of Australia (CBA) was marketing a new senior bond in the euro market on Wednesday, following a fast start for Australian bank bond issuance in 2018.
  • Lloyds Banking Group opened books on a 30 year tier two deal in dollar market on Thursday, following Commonwealth Bank of Australia’s strong result in the same tenor the day before. The two deals began bookbuilding at the same price point, but SEC-registered Lloyds should also benefit from onshore US demand, while Reg S CBA did not.
  • FIG
    Non-US financial institutions have favoured going to the dollar market for unsecured offerings in the first two days of the year, with Crédit Agricole looking to raise tier two capital in the currency on Wednesday.
  • China Development Bank Corp priced its maiden international green bond on Thursday, raising close to $1.7bn from a dual-currency transaction that will fund Belt and Road related projects. The deal offered diversification not only to the issuer but also to investors.
  • Bookrunners on China Development Bank Corp’s debut international green bond have released price guidance for a dual-tranche transaction featuring dollars and euros.
  • China Development Bank Corp (CDB) is gearing up for talks with fixed income investors for its inaugural offshore green bond, mandating firms for a dual-currency transaction.
  • FIG
    Commonwealth Bank of Australia (CBA) this week raised Sf450m ($462.1m) from the Swiss franc bond market in the largest single tranche Swissie bond by an Australian financial since 2009. The borrower took advantage of the downgrade of a clutch of regular Swiss franc issuers to sell its trade.
  • Rating: Aa3/AA-/AA-
  • Commonwealth Bank of Australia (CBA) weighed into the tier two market on Monday, with market participants expecting new issuance volumes to remain very high going into October.
  • Sumitomo Mitsui Financial Group and Commonwealth Bank of Australia lit up the dollar market with the first trade of the month after supply lay dormant following the July 4 holiday weekend.
  • Qantas Airways has wrapped up its latest borrowing at A$900m ($676m). The Australian carrier had held roadshows in Singapore, Hong Kong and Taipei and drew a response from Chinese, Singaporean and Taiwanese banks, among others.
  • FIG
    Wells Fargo brushed off heightened political tension in France and Korea on Wednesday, offering a triple-tranche bond to a hungry Australian dollar bond market.