Latest News
After taking sole lead manager position on its own A$1.75 billion (US$1.66 billion) domestic deal, Commonwealth Bank of Australia (CommBank) has taken top spot in KangaNews's domestic league table when self-led deals are included. CommBank is now more than A$1 billion of issuance clear of its nearest rival, nabCapital.
Commonwealth Bank of Australia (AA/Aa1/AA) priced a jumbo A$1.75 billion (US$1.65 billion) 2011 domestic bond on June 18, illustrating the demand for Australian bank paper that has also allowed St.George Bank (A+/Aa2/A+) (St.George) to complete its annual funding three months ahead of schedule.
A June 17 report from Moody's Investors Services (Moody's) has highlighted negative trends in the Australian housing market, but mixed sentiment has not prevented Macquarie Group from pricing both a low-doc RMBS and an auto loan-backed transaction earlier this month, the latter upsized by over A$500 million (US$471 million).