CBA bond issue boosts Aussie banks' funding options
Auction seen as successful, attracting three times the amount the bank wanted to raise
Fri, Jan 05, 2018 - 5:50 AM
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.