2014-YTD Australian Sustainable Bond Cumulative League Table - Kangaroo - Incl. Self-led Deals

Australian Sustainable Bond Cumulative League Table - Kangaroo
(including self-led deals)
1 Jan 2014 - YTD

Bookrunner	Volume (A$m)	No. deals	Market share (%)
Nomura	12,484	69	21.2
RBC Capital Markets	11,080	59	18.8
TD Securities	10,688	66	18.1
ANZ	5,484	23	9.3
J.P. Morgan	5,430	37	9.2
Deutsche Bank	4,511	34	7.7
Commonwealth Bank of Australia	3,002	22	5.1
Daiwa Capital Markets	1,831	25	3.1
UBS Investment Bank	1,240	8	2.1
Westpac Institutional Bank	842	6	1.4
Mizuho Securities	703	9	1.2
Citi	700	5	1.2
MUFG Securities	572	4	1.0
Morgan Stanley	225	1	0.4
National Australia Bank	133	1	0.3
HSBC	107	1	0.2
Credit Agricole	100	1	0.2
BNP Paribas	25	1	0.1
TOTAL	59,158		100

Source: KangaNews 20 Apr 2024

Note: The last deal completed in the Australian sustainable bond market priced on 9 Apr 2024. The league table will be updated again when the next deal prices.

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. Due to the nature of business conducted by SSAs, some exceptions are made for borrowers in this sector.

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.