Commonwealth Bank has topped the Australian bond market league table for 2025, unseating bitter rival Westpac for the top spot as the local debt market braces for a flurry of activity this year, driven by potential issuance from major artificial intelligence hyperscalers like Nvidia and Meta.
The nation’s largest bank wrote $31.7 billion in bond deals, excluding self-led raises, in the past 12 months and boosted its market share by a quarter to 15.7 per cent of all local activity, according to Bloomberg’s year-end league table.
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