CommBank triples senior-unsecured duration with 30-year US dollar deal

Commonwealth Bank of Australia (CommBank) took advantage of tight credit spreads and long-dated demand to print its longest-ever benchmark transaction on 6 July. The bank printed US$1.5 billion of 30-year bonds, tripling the duration of its previous longest-dated senior-unsecured deal and adding more than four months to its weighted-average portfolio duration at the same time.