Westpac top stories

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  • NAB finds certainty in dollars, Westpac hits euros

    National Australia Bank (NAB) was looking for execution certainty when heading to the dollar market to sell a pair of senior unsecured and covered bonds on Monday. But with credit conditions improving on Tuesday, Westpac shaved a few basis points off the cost of funding compared with its peer by opting for euros in covered and senior formats.

    • 27 Nov 2018
  • Aussie rules out bail-in senior as part of TLAC regime

    The Australian Prudential Regulation Authority has taken a very different approach from the rest of the world with its total loss-absorbing capacity (TLAC) rules, proposing that banks meet these new capital requirements with tier two rather than any new form of bail-inable senior debt.

    • 08 Nov 2018
  • Aussie issuer mulls euro tranche for RMBS

    Australian mortgage lender Liberty Financial is marketing its latest prime RMBS deal — Liberty 2018-3 — and is looking to drum up interest for a euro denominated tranche to be included in the capital structure.

    • 19 Sep 2018
  • French investors fuel 10 year senior flurry

    French insurance companies have helped to drive a stronger bid for longer dated paper in the financial institutions bond market, allowing a rare spate of 10 year trades to surface in euros this week.

    • 12 Jul 2018
  • Trio of senior deals hit screens as banks stop waiting

    Banque Fédérative du Crédit Mutuel attracted more than €4.5bn of orders for a dual-tranche offering at the beginning of the week, as it joined ABN Amro and Westpac in pouncing on strong conditions in the euro senior unsecured market.

    • 09 Jul 2018
  • Foreign borrowers eye up francs as Swiss arb returns in spades

    Swiss franc bonds are frequenting treasurers’ minds again as windows for arbitrage funding return to the market. For three years, Swiss market participants have gritted their teeth as cross-currency basis swaps and attractive funding conditions in core markets squeezed supply from abroad. But this seems to be changing. Four foreign borrowers raised benchmark bonds this week, and bankers expect many more to follow before the summer lull. Silas Brown reports.

    • 17 May 2018
  • HSBC prints whopper as Yankees plunder US

    HSBC took home $6bn from a callable bond issuance on Thursday, after Barclays opened the callable market for jumbo Yankee issuers earlier in the week.

    • 10 May 2018
  • MCC, BOC Aviation get thumbs-up from investors

    Metallurgical Corporation of China and BOC Aviation found strong investor support for their bonds on Monday, with the former bagging Asia’s first senior perpetual bond in more than a month and the latter walking away with an over six times covered transaction.

    • 24 Apr 2018
  • Asian credit market readies for busy week

    BOC Aviation, Metallurgical Corporation of China (MCC) and Bumi Serpong Damai were the first out of the gates on Monday morning with their new bond deals, as the Asian debt market prepares for an onslaught of supply.

    • 23 Apr 2018
  • Global investors pile in on BOC floating rate bonanza

    Bank of China (BOC) returned to the bond market with a Belt and Road blockbuster this week, raising around $3.2bn from a multi-tranche, multi-currency deal. Addison Gong reports.

    • 12 Apr 2018

Westpac In The Key League Tables

Asset Rank STLY Amount $m No of issues Share % STLY Share %
  • Last updated
  • 11 Dec 2018
Bookrunners of Global FIG 25 30 13,870.89 66 0.99% 0.71%
Bookrunners of G3 Syndicated Loans (Asia Pacific ex-Japan) 23 26 1,449.06 14 1.44% 1.10%
Australia DCM 3 1 17,538.69 70 11.67% 12.94%

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 346,069.71 1350 8.09%
2 JPMorgan 342,066.65 1471 7.99%
3 Bank of America Merrill Lynch 307,117.30 1065 7.18%
4 Barclays 258,537.34 976 6.04%
5 Goldman Sachs 227,890.51 774 5.33%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 48,411.81 205 6.53%
2 JPMorgan 46,311.15 105 6.25%
3 UniCredit 40,595.43 182 5.48%
4 SG Corporate & Investment Banking 38,348.83 146 5.17%
5 Credit Agricole CIB 38,097.35 189 5.14%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,514.87 63 9.19%
2 Goldman Sachs 13,469.15 66 8.53%
3 Citi 9,971.36 58 6.32%
4 Morgan Stanley 8,572.10 54 5.43%
5 UBS 8,414.70 37 5.33%