These include ‘Australian Dollar Corporate Bond Deal of the Year’ for a dual tranche $550 million bond issued by Air New Zealand, ‘Australian RMBS Deal of the Year’ for a A$1.76 billion securitisation by Firstmac and ‘Australian Sustainability Bond Deal of the Year’ for a $350 million dual tranche green bond by University of Tasmania. CBA itself was awarded ‘Australian Bank Issuer of the Year’ for its own bond issues during the year.
The bank also recorded a strong result in the annual Peter Lee Associates Markets Survey of corporate and institutional clients covering fixed income, FX and interest rates.
CBA earned some of its highest ever Relationship Strength Index (RSI) scores in this year’s survey and ranked #1 in FX amongst 20 most active financial institutional clients1. In addition, the bank maintained a leading position in market share and service across both government bonds and corporate bonds2, while scoring highly for some key service measures in interest rates survey amongst the most active corporates4
Chris McLachlan, CBA’s Executive General Manager Global Markets, said the results reflected a consistent focus on supporting clients through volatile market conditions and agressive monetary policy tightening, as well as assisting issuers and investors with the sustainability transition.
“We’re delighted to see the commitment of our teams in solving the needs of our clients through some of the most challenging and volatile market conditions in recent memory reflected in these results. This strong recognition is underpinned by our ambition to be the leader in selected AUD/NZD traded products and the preferred risk management partner for our clients,” Mr McLachlan said.
David Watts, CBA’s Executive General Manager Quantitative Data, Analytics & Technology which includes the bank’s Global Economic & Markets Research team, added:
“The scale and depth of CBA’s real time transaction data enables us to provide our clients with powerful insights into trends in the economy. In a period of economic turbulence we have been focused on providing timely insights, with our Australian Economics team the first of the major banks to project that interest rates would need to be increased this year. It’s pleasing to see this recognised by clients in strong rankings for our research capabilities.”
2022 Peter Lee Associates Markets Survey results
- FX (most active clients)1
- #1 for Relationship Strength Index (RSI)
- #1 for most trusted advisor
- #1 for Australian economic analysis
- #2 for FX markets commentary
- Fixed Income2
- #1 for domestic flow feedback and domestic market strategy in government bonds
- =#1 as a preferred provider for ESG investing
- #1 for market share in Unsecured/Covered AUD Bonds Issued by APRA Regulated Financial Institutions
- #2 for market share in government bonds
- #2 for highest quality ESG research
- FX (most active clients)3
- #1 for most trusted advisor
- #1 for increased business due to risk management advice
- #2 for Relationship Strength Index (RSI)
- #1 for best access to economists
- Rates (most active clients)4
- #1 for understanding and acting on derivative needs
- =#1 for advice/guidance in managing risk and executing transactions
- #1 most effective dealers at interpreting research in interest rates
- #1 most useful written materials on strategies and recommendations in interest rates
1 2022 Peter Lee Associates FX (Financial Institutions) Survey, most active clients reported $40bn or more in annual FX volume. Ranking against the four major domestic banks.
2 2022 Peter Lee Associates Fixed Income Survey. Ranking against all banks.
3 2022 Peter Lee Associates FX (Corporates) Survey, most active clients reported $1bn or more in annual FX volume. Ranking against the four major domestic banks.
4 2022 Peter Lee Associates Interest Rate Derivatives Survey, most active clients reported $500m or more in annual derivatives volume. Ranking against the four major domestic banks.