CBA goes global, sells dollar deal to Europe

Commonwealth Bank of Australia has demonstrated how globalised the covered bond market has become by selling almost half of the year’s first dollar covered bond benchmark to European buyers.

  • 11 Jan 2013

CBA issued its deal, Australia’s first covered bond of 2013, on Wednesday. The $2bn 0.75% January 2016 was priced at the tight end of guidance at 32bp over mid-swaps and 44bp over US Treasuries through joint leads Barclays, CBA and RBC Capital Markets.

Initial price thoughts were 35bp ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 2,178.54 9 7.19%
2 Barclays 1,796.79 8 5.93%
3 UniCredit 1,755.37 10 5.80%
4 RBC Capital Markets 1,701.06 6 5.62%
5 SG Corporate & Investment Banking 1,607.59 7 5.31%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 7,786.52 11 9.83%
2 Citi 7,555.38 23 9.54%
3 Wells Fargo Securities 5,887.91 6 7.43%
4 JPMorgan 5,473.47 21 6.91%
5 Morgan Stanley 4,949.43 16 6.25%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Wells Fargo Securities 5,887.91 6 13.85%
2 Citi 5,438.91 18 12.79%
3 JPMorgan 5,372.59 20 12.64%
4 Morgan Stanley 4,639.07 13 10.91%
5 Bank of America Merrill Lynch 2,889.79 12 6.80%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 1,378.34 5 8.96%
2 Natixis 1,277.72 4 8.31%
3 Barclays 1,252.42 5 8.14%
4 LBBW 1,252.06 5 8.14%
5 SG Corporate & Investment Banking 1,183.61 4 7.70%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 131.18 2 17.98%
1 Bank of America Merrill Lynch 131.18 2 17.98%
3 UBS 87.50 1 11.99%
3 Deutsche Bank 87.50 1 11.99%
5 UniCredit 43.68 1 5.99%