CommBank and St.George benefit from Aussie bank vogue
- Thursday, 19 June 2008
Commonwealth Bank of Australia (AA/Aa1/AA) priced a jumbo A$1.75 billion (US$1.65 billion) 2011 domestic bond on June 18, illustrating the demand for Australian bank paper that has also allowed St.George Bank (A+/Aa2/A+) (St.George) to complete its annual funding three months ahead of schedule.
