2023 Australian Sustainable Bond League Table - all Local Issuers - Incl. Self-led Deals

Australian Sustainable Bond League Table - all local issuers
(including self-led deals)
1 Jan - 1 Nov 2023

Bookrunner Volume
(A$m)
No.
deals
Market share (%)
Westpac Institutional Bank 1,950 7 22.8
National Australia Bank 1,509 6 17.7
UBS 1,366 3 16.0
ANZ 936 5 10.9
Commonwealth Bank 775 4 9.1
Deutsche Bank 750 1 8.8
Mizuho Securities 284 2 3.3
OCBC Bank 250 1 2.9
RBC Capital Markets 213 1 2.5
Barrenjoey Capital Partners 113 1 1.3
BofA Securities 88 1 1.0
BNP Paribas 88 1 1.0
HSBC 88 1 1.0
Bank of China 71 1 0.8
ICBC 71 1 0.8
TOTAL 8,549   100

Source: KangaNews 1 Nov 2023

Note: The last deal completed in the Australian sustainable bond market priced on 1 Nov 2023. 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.