SYDNEY, Nov 26 (Reuters) - Commonwealth Bank of Australia
(CBA) has raised A$500 million ($491 million) in a
five-year issue of retail bond offer, it said on Friday.
The final size will be determined when the offer closes on Dec. 17.
The offer will pay a margin of 105 basis points (bps) over BBSW.
Unlike Japan and New Zealand, retail bond offers are rare in Australia, where bonds are typically reserved for professional investors.
(Reporting by Cecile Lefort; Editing by Balazs Koranyi)
((cecile.lefort@reuters.com; +612-9373-1234; Reuters Messaging: cecile.lefort.reuters.com@reuters.net)) ($1=1.019 Australian Dollar) Keywords: CBA/BONDS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The final size will be determined when the offer closes on Dec. 17.
The offer will pay a margin of 105 basis points (bps) over BBSW.
Unlike Japan and New Zealand, retail bond offers are rare in Australia, where bonds are typically reserved for professional investors.
(Reporting by Cecile Lefort; Editing by Balazs Koranyi)
((cecile.lefort@reuters.com; +612-9373-1234; Reuters Messaging: cecile.lefort.reuters.com@reuters.net)) ($1=1.019 Australian Dollar) Keywords: CBA/BONDS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.