CBAÆs bullish start to 2004

John te Wechel oversees a A$23 billion funding portfolio for AustraliaÆs Commonwealth Bank with an investor register that contains more and more Asian names.

General manager of group funding for the Commonwealth Bank of Australia CBA, John te Wechel, oversees a funding portfolio of about A$23 billion comprising of long-term debt and hybrid capital. Nearly 80% of this paper is held by offshore investors, with an increasing number of takers located in Asia. Each year the bank launches an average of between A$4 and A$7 billion in new deals. Here te Wechel talks about CBA's fundraising plans for 2004 and a deal completed just this week.

What has been your most recent deal

te Wechel This week we raised A$500 million in subordinated debt from the domestic market. The deal was structured as...

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