Telstra increases 2020 domestic line by A$200 million [UPDATED]
On November 10, Telstra Corporation (Telstra) (A/A2) increased its June 2020 domestic line by A$200 million (US$200.5 million), upsized from a launch volume of A$100 million. The line was inaugurated in June this year, and was Telstra's first domestic transaction in almost four years. The deal priced in line with the expected margin of 175 basis points over semi-quarterly swap – a margin 25 basis points tighter than the original trade.CommBank confident FRN retail format will minimise term deposit crossover [UPDATED]
Commonwealth Bank of Australia (CommBank) (AA/Aa1/AA) completed the bookbuild of its five-year retail-format senior bond offer on November 26. CommBank has confirmed a minimum A$500 million (US$481.75 million) of retail bonds will be sold to eligible brokers, with the capacity to increase the final deal volume to A$1 billion before the offer closes on December 17. The margin has been set at 105 basis points over bank bill swap rate (BBSW).