2021 Australian Sustainable Bond League Table - All Issuers - Incl. Self-led Deals

Australian Sustainable Bond League Table - all issuers
(including self-led deals)
1 Jan - 31 Dec 2021

Bookrunner	Volume (A$m)	No. deals	Market share (%)
ANZ	2,976	14	15.1
Commonwealth Bank of Australia	2,419	15	12.3
RBC Capital Markets	2,300	12	11.7
Deutsche Bank	2,194	10	11.2
Nomura	2,150	15	10.9
TD Securities	2,145	13	10.9
UBS	1,636	5	8.3
Westpac Institutional Bank	986	10	5.0
National Australia Bank	925	4	4.7
J.P.Morgan	650	6	3.3
HSBC	250	3	1.3
BNP Paribas	225	3	1.1
Mizuho Securities	205	2	1.0
Citi	175	2	0.9
MUFG Securities	100	1	0.5
OCBC Bank	100	1	0.5
SMBC Nikko	83	1	0.4
Daiwa Capital Markets	75	2	0.4
Bank of China	75	1	0.4
TOTAL	19,670		100

Source: KangaNews 31 December 2021

Note: The last deal completed in the Australian sustainable bond market priced on 18 November 2021.

Note: Click on the link attached to each bank name to see a list of all league table eligible deals for that bank during the year.

Sustainable bond criteria: Must be aligned with recognised external global principles/standards. At this stage, KangaNews accepts the following:
(a) Green bonds: ICMA Green Bond Principles or CBI Climate Bonds Standard
(b) Social bonds: ICMA Social Bond Principles
(c) Sustainability bonds: ICMA Sustainability Bond Guidelines
(d) Sustainability-linked bonds: ICMA Sustainability-linked Bond Principles
(e) Transition bonds: ICMA Climate Transition Finance Handbook

To determine whether a bond is "aligned", all issuers outside the SSA sector will need to show an external review that verfies alignment with the Principles and must also have a framework (ie the core components plus key recommendations of the Principles). For SSA issuers, a framework is preferable but if none exists the issuer must show that it has internal processes in place to follow alignment and also that it offers investors detailed impact reporting.

Additional criteria: Must be public bond; no minimum size; one-year minimum maturity or call date; dual-tranche issues counted as one deal if both tranches have the same maturity date; settlement date used for date calculations; issued in AUD; no requirements regarding domicile of issuer; pricing must be disclosed; deal must be syndicated; bookrunners given equal allocation (unless advised otherwise); excludes bonds that have been retrospectively labelled as susstainable bonds; excludes asset-backed securities.