CommBank launches multi-tranche three- and five-year domestic deal
- Friday, 10 August 2018
On 10 August, Commonwealth Bank of Australia (CommBank) launched its multi-tranche, three- and five-year domestic transaction. Indicative priced guidance for the three-year maturity is 75 basis points area over swap benchmarks, while the five-year maturity is being marketed at 95 basis points area over swap benchmarks. The self-led deal is expected to price on the day of launch.
Related news
New Zealand's market ready to step up as degree of difficulty grows
With a substantial infrastructure requirement looming and a weak economic environment, the New Zealand capital market will have to be on top of its game in the years ahead. Participants at KangaNews’s annual women in New Zealand capital markets roundtable discussed the issues at hand and how they believe a constructive ecosystem can be developed.
External support still the talking point in bank ratings review
The nature and likelihood of pre-failure external support for banks has been brought back into focus following an update to the methodology Moody’s Ratings uses to assess the Australian banking sector. Some banks do not believe the new analysis gives sufficient weight to the likelihood of external support before the point of failure – even for entities not deemed systemically important.