CommBank gets A$2.5 billion in largest ever non-guaranteed domestic ADI deal [UPDATED]
On January 13, Commonwealth Bank of Australia (CommBank) (AA/Aa1/AA) launched and priced a new A$2.5 billion (US$2.49 billion) July 2015 fixed and floating rate bond. It is the first deal issued by a big four financial institution (FI) in 2011, and the largest ever non-guaranteed domestic transaction from a bank issuer. The self-led deal is CommBank's first domestic bond since September last year, and its first with a tenor beyond four years since July 2009.
KfW nets A$600 million in new 2016 Kangaroo [UPDATED]
The third Kangaroo transaction of the year, priced on January 12, is also the first for a new line in the form of a A$600 million (US$591.2 million) January 2016 bond from KfW Bankengruppe (KfW) (AAA/Aaa/AAA). The bond is the issuer's second 2016 expiry Kangaroo line, as it already has A$1 billion of paper set for maturity in July that year.ADB increases 2016 by A$1 billion in second Kangaroo of 2011 [UPDATED]
The second Kangaroo transaction to be mandated in 2011 came on the same day as the first – January 10 – with Asian Development Bank (ADB) (AAA/Aaa/AAA) increasing its February 2016 line by A$1 billion (US$984.9 million) the following day. The deal is ADB's first in the Kangaroo market since April last year, and followed a 2020 increase from European Investment Bank (AAA/Aaa/AAA).