Commonwealth Bank of Australia

Monday, 09 July 2018
Jun/Jul 2018

Leading from the front

In the 2018 iteration of the KangaNews Fixed-Income Research Poll, Commonwealth Bank of Australia (CommBank) maintained the dominant position it has established in recent years. The CommBank team sat down with KangaNews to reflect on the market-shaping factors of the past 12 months and to reveal the main watch points.

Monday, 24 September 2018

Liberty launches RMBS transaction

On 24 September, Liberty Financial (Liberty) launched its residential mortgage-backed securities (RMBS) transaction, Liberty Series 2018-3. The forthcoming deal has indicative total volume of A$500 million (US$363.5 million) equivalent, including the euro denominated A1-c notes, with the potential to upsize. Pricing is expected on or before 27 September.

Friday, 21 September 2018

CommBank prices A$1.63 billion RMBS deal

Thursday, 20 September 2018

CommBank launches Medallion 2018-1 RMBS deal

On 20 September, Commonwealth Bank of Australia (CommBank) launched its prime residential mortgage-backed securities (RMBS) transaction, Medallion Trust Series 2018-1 (Medallion 2018-1). The deal has indicative total volume of A$1.63 billion (US$1.2 billion) and will not grow. CommBank and Deutsche Bank are joint lead managers.

Wednesday, 19 September 2018

Liberty starts marketing RMBS deal

On 19 September, Liberty Financial (Liberty) began taking indications of interest for a potential residential mortgage-backed securities (RMBS) transaction, Liberty Series 2018-3. The deal will be denominated in Australian dollars and euros, and is expected to launch in the week commencing 24 September.

Tuesday, 18 September 2018

Post-M&A debt diversification drive brings AT&T to Australia

AT&T’s debut Kangaroo deal, which priced on 14 September, marked the return of US corporate issuance to the Australian market for the first time this year. Deal sources say cash repatriation by major US corporate names has drastically reduced offshore issuance from US credits globally, but insist AT&T’s A$1.3 billion (US$949.2 million) result demonstrates that Australia remains open for business to this type of borrower.

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