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Commonwealth Bank of Australia Confirms Issue of $1.25 Billion Subordinated Notes Due September 2037

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Commonwealth Bank of Australia (ASX:CBA) confirmed the issue of $1.25 billion worth of subordinated fixed-to-fixed rate securities due Sept. 16, 2037, as part of its $50 billion senior and subordinated Medium Term Notes Program, according to a Wednesday filing with the Australian bourse.

The issue of subordinated notes will not have a material impact on the bank's financial position, the filing said.

The notes will potentially exchange into ordinary shares of the bank if a non-viability trigger event takes place, per the filing.

What else is happening in Treasury?

Treasury

Sandoz Group Launches EUR500 Million Bond

Sandoz Group (SDZ.SW) said Monday it completed the issuance of 500 million euros of 4.835% bonds with a maturity of 12 years.Proceeds from the bond issuance will be used for general corporate purposes, including refinancing of existing debt.The Swiss drugmaker expects to hold its average annual interest rate on gross debt under 4%, while pushing its debt maturity profile to 2038.

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Treasury

Huadian New Energy Issues 1.50 Billion Yuan in Medium-Term Bonds

Huadian New Energy (SHA:600930) completed the issuance of its first tranche of medium-term bonds for the year, which amounts to 1.50 billion yuan, according to a Shanghai bourse filing Tuesday.The bonds carry an interest rate of 1.69% and a term of five years, maturing Sept. 11, 2031.Industrial Bank (SHA:601166) acted as the lead underwriter and bookrunner of the issuance.

SHA:600930SHA:601166
Treasury

Singapore's Overall Bond Issuance Jumps 22% in 2025

Singapore's overall bond issuance jumped by 22% year on year to $95 billion in 2025, according to data released by the Monetary Authority of Singapore on Monday.Total outstanding debt arranged by financial institutions in the city-state rose by 6.8% year over year to SG$659 billion, while new debt issuance rose 10% to SG$339 billion, driven by refinancing needs and regional demand for AI, technology and infrastructure funding.Covered bond issuance reached SG$11 billion, taking the market's outstanding size to around SG$29.8 billion.MAS has flagged higher bond yields and inflation concerns for 2026, with Asian bond markets to remain resilient.

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