Commonwealth Bank of Australia has issued £1 billion in floating rate covered bonds under its $40 billion covered bond programme. The Series 140 bonds mature in July 2030 and are guaranteed by Perpetual Corporate Trust Limited as trustee of the CBA Covered Bond Trust. The bonds are listed on the London Stock Exchange. They feature a floating rate structure, with coupon payments adjusting according to a reference benchmark rate throughout the term. The issuance represents a significant sterling-denominated funding initiative by the Australian bank. Sterling covered bond issuances have traditionally provided major Australian banks access to UK and European institutional investors, helping diversify funding sources and manage liability durations.

Growth investment supports Xpansiv’s M&A strategy, international expansion, and product development

Sydney-born, New York-based energy trading firm Xpansiv has completed a capital raising in Europe. The company, which is eyeing an initial public offering, already counts Blackstone, Macquarie, Commonwealth Bank of Australia, Goldman Sachs, Aware Super and Aramco Ventures among its backers. The capital raising is designed to support growth in Australia and globally. Xpansiv's founders argue the energy market is undergoing a significant global shift, driven partly by the artificial intelligence boom. The company's blue-chip share register reflects growing investor interest in energy trading platforms amid rapidly changing global energy markets.