You are here

CBA bond issue boosts Aussie banks' funding options

Auction seen as successful, attracting three times the amount the bank wanted to raise

CBA had first flagged it would offer 1.75 per cent over US Treasuries for the bond, but cut that to a 1.53 per cent spread after receiving high demand from yield-hungry investors.


COMMONWEALTH Bank of Australia (CBA) has raised US$1.25 billion in 30-year subordinated debt in the United States in a successful auction that fund managers said on Thursday could encourage other Australian banks to follow suit.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to