Commonwealth Bank of Australia

Thursday, 28 February 2019
Feb/Mar 2019

The reference-rate conundrum

The impending likely demise of global interbank offered rates has sparked many questions for the Australian market. Its local credit reference rate appears to be relatively robust – though its status is not unimpeachable – while the importance of cross-border issuance to Australian borrowers requires engagement with international IBOR developments. KangaNews and Commonwealth Bank of Australia brought together key market participants in late January to discuss the way forward.

Tuesday, 07 July 2020

DBS launches three-year Kangaroo deal

On 8 July, DBS Group Holdings (DBS) (Aa2/AA-) launched a new, three-year, senior-unsecured Kangaroo deal, to come in either or both fixed- and floating-rate format. The forthcoming deal has indicative price guidance of 75 basis points area over swap benchmarks and is expected to price on the day of launch. Commonwealth Bank of Australia, DBS, National Australia Bank, TD Securities and Westpac Institutional Bank are joint lead managers.

Monday, 06 July 2020

DBS taking indications of interest on new three-year Kangaroo deal

On 7 July, DBS Group Holdings (Aa2/AA-) began taking indications of interest for a new three-year, Kangaroo, senior-unsecured transaction, offered in either or both fixed and floating-rate note format. The potential deal is being marketed at 75 basis points area over swap benchmarks.

Monday, 06 July 2020

Resimac adds lead managers to its Bastille RMBS deal

On 6 July, Resimac added Commonwealth Bank of Australia, Deutsche Bank and Wells Fargo Securities to its joint lead manager panel for its potential non-conforming residential mortgage-backed securities (RMBS) deal from its Bastille programme.

Sunday, 05 July 2020

Australian corporate market poised and hopeful for a smoother second half

The Australian dollar corporate debt market finished the first half of 2020 with a flurry of deals and greatly improved sentiment. Corporate originators do not expect the floodgates of issuance to open in the second half but say conditions should be supportive for active issuers.

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