CBA bond issue boosts Aussie banks' funding options
Auction seen as successful, attracting three times the amount the bank wanted to raise
Add BT as a preferred source
Sydney
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.
Australia's biggest bank by market capitalisation attracted three times the amount it wanted to raise, a sign offshore investors are not too concerned about a money-laundering lawsuit against CBA and a looming government enquiry into the country's banking sector.
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Singapore to establish over-the-counter gold clearing system, central bank vaulting by end-2026
Singapore public sector commands highest AI salary premium as job postings surge: PwC study
