CommBank prices A$1 billion in its debut Basel III-compliant tier-two wholesale transaction [UPDATED]

On October 31, Commonwealth Bank of Australia (CommBank) (AA-/Aa2) priced a new, self-led, 10-year floating-rate Basel III tier-two transaction in the Australian dollar market. The deal follows institutional investor meetings which took place in Sydney and Melbourne on October 28 and 29 respectively.