Commonwealth Bank of Australia top stories-
RBA to follow France with blockchain exploration
The Reserve Bank of Australia has announced plans to explore the potential uses and implications of a central bank digital currency using distributed ledger technology. The RBA follows the Banque de France, which last year worked with Société Générale to settle a crypto covered bond — a product that offers a number of ways to deploy blockchain technology.
-
Australian govvies hit by climate challenge
In a world first this week, 23-year-old student and Australian retail government bond investor Katta O’Donnell filed a legal challenge against the sovereign on Wednesday, claiming that the government does not do enough to disclose the risks of climate change to investors. If successful, the case could change issuers’ obligations regarding climate risk disclosure.
-
Aussie rules out bail-in senior as part of TLAC regime
The Australian Prudential Regulation Authority has taken a very different approach from the rest of the world with its total loss-absorbing capacity (TLAC) rules, proposing that banks meet these new capital requirements with tier two rather than any new form of bail-inable senior debt.
-
First bond issue on blockchain for QTC
Queensland Treasury Corp ran a prototype bond auction on Commonwealth Bank of Australia’s blockchain platform, the bank said on Tuesday. QTC generated a bond tender, viewed investor bids in real time, finalised investment allocation and settled the dummy issue instantly — although it was on both sides of the deal, as sole issuer and investor.
-
New syndicate tech platform passes CBA test
Investor Access, a platform which allows investors to submit orders for a new bond issue directly into the order book was deployed for the first time last week on a Commonwealth Bank of Australia sterling covered bond. Now work is underway to convince more dealers of the initiative’s worth.
Latest market news
-
Barclays hops back into Kangaroos
Barclays returned to the Kangaroo bond market this week after being absent for two years to raise A$600m across three tranches of holding company debt. The market was split over which tranche offered the most value in pricing.
-
ASB hits covered bond jackpot as investors warm to NZ pick-up
Commonwealth Bank of Australia's New Zealand subsidiary ASB Finance issued its largest covered bond on Tuesday, the first 10 year from New Zealand and the first covered bond from the country since January 2019.
-
Barclays preps Kangaroo return
Barclays is set to end a two year absence from the Kangaroo bond market this week, as it seeks up to three tranches of callable senior debt.
-
World Bank NZD1bn 1.625% May 28
-
AIIB and World Bank shine in Kangaroo and Kauri markets
Two triple-A rated supranational borrowers scored big in the Australasian bond markets on Wednesday with the Asian Infrastructure Investment Bank selling its first Kangaroo trade and the World Bank bringing the joint biggest ever SSA Kauri bond – equalling the record it set last year.
Commonwealth Bank of Australia In The Key League Tables
| Asset | Rank | STLY | Amount $bn | No of issues | Share % | STLY Share % |
|---|---|---|---|---|---|---|
|
|
||||||
| Bookrunners of G3 Syndicated Loans (Asia Pacific ex-Japan) | 11 | 56 | 1.66 | 5 | 3.25% | 0.33% |
| Australia DCM | 3 | 6 | 2.17 | 6 | 15.75% | 5.63% |
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!
Free trial
Latest Issue
Read the magazine on your mobile device
Bank Profiles
Latest news by market and league table performance
Bond Comments
-
Ontario Teachers’ Finance Trust EUR1.25bn 0.1% May 28, EUR1.25bn 0.9% May 41
-
BNG USD2bn 0.875% May 26
-
Virgin Money UK GBP300m 2.625% 10.25NC5.25 tier two
-
Swedbank EUR1bn 0.3% 6NC5 bail-in green
-
Macquarie Group EUR500m 0.95% May 31 senior
-
AIB Group EUR750m 0.5% 6.5NC5.5 green senior
-
Danske Bank USD750m 4.375% PNC5 AT1
-
Nordea Bank EUR1bn 0.625% 10.25NC5.25 tier two
-
EIB USD1.5bn 1.625% May 31 Climate Awareness Bond
-
NIB USD700m FRN May 26
-
Barclays EUR750m 5NC4 FRN / EUR1.25bn 1.106% 11NC10 bail-in senior
-
Bank of Ireland EUR500m 1.375% 10.25NC5.25 green tier two
-
Deutsche Bank EUR1.25bn 4.625% PNC7 AT1
-
SGP EUR2bn 0.875% May 46
-
UK GBP6bn 1.25% Jul 51
All International Bonds
| Rank | Lead Manager | Amount $bn | No of issues | Share % |
|---|---|---|---|---|
| 1 | JPMorgan | 92.59 | 388 | 8.96% |
| 2 | Citi | 85.30 | 278 | 8.25% |
| 3 | BofA Securities | 63.15 | 265 | 6.11% |
| 4 | Barclays | 58.01 | 223 | 5.61% |
| 5 | Deutsche Bank | 55.74 | 184 | 5.39% |
Bookrunners of All Syndicated Loans EMEA
| Rank | Lead Manager | Amount $bn | No of issues | Share % |
|---|---|---|---|---|
| 1 | BNP Paribas | 60.87 | 123 | 14.06% |
| 2 | Credit Agricole CIB | 28.59 | 93 | 6.60% |
| 3 | Santander | 25.41 | 90 | 5.87% |
| 4 | JPMorgan | 23.88 | 61 | 5.52% |
| 5 | UniCredit | 21.51 | 103 | 4.97% |
Bookrunners of all EMEA ECM Issuance
| Rank | Lead Manager | Amount $bn | No of issues | Share % |
|---|---|---|---|---|
| 1 | Goldman Sachs | 2.07 | 11 | 10.42% |
| 2 | BofA Securities | 1.40 | 6 | 7.01% |
| 3 | Citi | 1.37 | 7 | 6.87% |
| 4 | Morgan Stanley | 1.36 | 6 | 6.85% |
| 5 | JPMorgan | 1.31 | 7 | 6.59% |
