CBA sets its sights on the Mainland

The Australian bank makes a strategic trade with heavy distribution to the Chinese banking sector.

Returning to the senior dollar markets for the first time since 1999, the Aa3AA- rated credit launched a $500 million FRN late on Wednesday under the joint lead of Goldman Sachs and Nomura. The five-year issue successfully leveraged price tension between Europe and Asia to bring the deal in line with outstanding comparables and achieved a roughly even distribution split between the two regions.

With pricing at 99.904% on a coupon of 10bp over Libor, to yield 12bp...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: cba | sets | sights | mainland

Print Edition

FinanceAsia Print Edition