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Commonwealth Bank of Australia calls $200 million step-up notes
By Toni Weeks
San Diego, June 27 - Commonwealth Bank of Australia will fully redeem its $200 million of callable step-up floating-rate subordinated notes due July 8, 2016, according to a company filing with the London Stock Exchange.
The redemption will settle July 7. Following the transaction, the outstanding balance of the notes will be zero.
The financial services company is based in Sydney, Australia.
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