CommBank AUD covered bond debut breaks volume record [UPDATED]
- Friday, 13 January 2012
Commonwealth Bank of Australia (CommBank) has become the first Australian bank to issue a home-currency covered bond, having completed a A$3.5 billion (US$3.6 billion) transaction in the week beginning January 16. CommBank recently made its covered bond debut in the euro market, pricing a €1.5 billion (US$1.9 billion) five-year deal on January 4.
