Samurai market reopens for Australians with first CommBank deal since 2008

Commonwealth Bank of Australia (CommBank) (AA/Aa2/AA) completed its first Samurai transaction in three years on June 3 in what was also the largest Australian bank Samurai to come to market this year. The bank says it will continue to monitor opportunities in Japan following its ¥101 billion (US$1.3 billion) dual-tranche five-year deal, while market participants say the other major Australian banks may potentially strike while conditions remain favourable.