By Andrea Heisinger
New York, Sept. 10 - Commonwealth Bank of Australia priced $3.25 billion of notes (Aa2/AA-/) in tranches due 2015, 2017 and 2022 on Monday, a source away from the trade said.
A $1 billion tranche of three-year notes was sold at a spread of Treasuries plus 80 basis points.
The $1 billion of five-year notes sold at a spread of Treasuries plus 95 bps.
There was also $1.25 billion of 10-year notes priced at 130 bps over Treasuries.
Full terms of the trade were not available at press time.
Bookrunners were Commonwealth Bank, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. and J.P. Morgan Securities LLC.
The banking and financial services company is based in Sydney.
| Issuer: | Commonwealth Bank of Australia
|
| Issue: | Senior notes
|
| Amount: | $3.25 billion
|
| Bookrunners: | Commonwealth Bank, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC
|
| Trade date: | Sept. 10
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
|
|
| Three-year notes
|
| Amount: | $1 billion
|
| Maturity: | 2015
|
| Spread: | Treasuries plus 80 bps
|
|
|
| Five-year notes
|
| Amount: | $1 billion
|
| Maturity: | 2017
|
| Spread: | Treasuries plus 95 bps
|
|
|
| 10-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | 2022
|
| Spread: | Treasuries plus 130 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
