Mostly real money demand for CommBank's A$1.35 billion 2013
- Thursday, 03 September 2009
The margin of 89 basis points over swap and bank bill swap rate (BBSW) on the A$1.35 billion (US$1.13 billion) of four-year unguaranteed benchmark bond transaction priced by Commonwealth Bank of Australia (CommBank) (AA/Aa1/AA) on September 3 indicates the tightest level for a deal of this duration from a big four Australian bank issuer for nearly two years.
