CommBank readies a new dual-tranche senior domestic benchmark

Commonwealth Bank of Australia (CommBank) (AA-/Aa3/AA-) revealed on 17 July that has mandated a new, self-led dual-tranche senior-unsecured domestic benchmark transaction. The forthcoming deal will be comprised of five- and 10.5-year tranches and has initial price guidance in the high 80s basis points over three-month bank bill swap rate and semi-quarterly swap and 105 basis points area over semi-quarterly swap respectively.