Commonwealth Bank of Australia

Tuesday, 09 March 2021
Feb/Mar 2021 IWI Supplement

The sustainable-finance nexus

Commonwealth Bank of Australia is turbocharging the sustainable-finance operation within its institutional business, including some key new hires and more to come. The team is focused on working with clients to gain deep understanding of their ESG risks and, from there, assisting with transition. The bank’s ambition is high.

Monday, 17 May 2021

China Everbright Sydney starts marketing three-year deal

China Everbright Bank Sydney Branch (China Everbright Sydney) (BBB+/Baa2/BBB) began taking indications of interest for a potential new three-year, Australian dollar denominated, senior-unsecured, floating-rate note, benchmark transaction on 17 May.

Friday, 14 May 2021

SkyCity revises margin and extends bookbuild for domestic deal

On 14 May, SkyCity Entertainment Group (BBB- by S&P) revised the indicative margin and extended the bookbuild for its NZ$125-175 million (US$89.80-125.7 million) six-year deal. In response to market changes, the margin has been revised to 160-170 basis points over mid swap from a range given at launch on 10 May of 170-190 basis points. The minimum interest rate remains 3 per cent.

Wednesday, 12 May 2021

Woori Bank Sydney to bring domestic FRN deal

On 13 May, Woori Bank Sydney Branch (A/A1) mandated Commonwealth Bank of Australia as lead manager for an indicative A$100 million (US$77.3 million) floating-rate note (FRN) deal maturing in June 2022. The transaction is being marketed at 27 basis points over three-month bank bills and is expected to price as early as the day of the announcement.

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