CommBank nets A$650 million in a dual-tranche climate bond

Tuesday, 28 March 2017
Updated

Commonwealth Bank of Australia (CommBank) (AA-/Aa2/AA-) printed A$650 million in a dual-tranche climate bond on 28 March. The transaction was upsized from indicative A$300 million (US$228.5 million) volume via a fixed- and a floating-rate tranche. The five-year deal had printed at the tight end of 92-95 basis points over swap and bank bills pricing guidance.