Aussie names in the frame as Maple market takes first steps back

The settlement of its C$300 million (US$292.88 million) 3.625 per cent five-year deal on October 14 means Commonwealth Bank of Australia (AA/Aa1/AA) has successfully issued just the second Maple bond of 2009 – the first with a fixed coupon. However, TD Securities (TD), which lead-managed both Maples, says it is too early to call a revival of the market and anticipates it will take a while for sovereign, supranational and agency (SSA) issuers to make a comeback.