On 9 November, Commonwealth Bank of Australia (CommBank) revealed a final margin of 370 basis points over three-month bank bills for its additional tier-one (AT1) capital transaction, PERLS XI – the tight end of a 20 basis point marketing range. Following the completion of a bookbuild, CommBank increased transaction volume to A$1.25 billion (US$905.6 million) from launch volume of A$750 million. Final volume will be revealed when the deal settles, expected 17 December.
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KangaNews's latest supplement focusing on sustainability in the Australian fixed-income market.