By Cristal Cody
Chicago, Sept. 28 – Commonwealth Bank of Australia sold $1.5 billion of floating-rate notes due July 7, 2025 with an interest rate based on SOFR plus 40 basis points, according to a market source.
Initial price talk was set at SOFR plus 40 bps.
Commonwealth Bank of Australia and Deutsche Bank Securities Inc. are the bookrunners.
The financial services company is based in Sydney, Australia.
| Issuer: | Commonwealth Bank of Australia
|
| Issue: | Floating-rate notes
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| Amount: | $1.5 billion
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| Maturity: | July 7, 2025
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| Bookrunners: | Commonwealth Bank of Australia and Deutsche Bank Securities Inc.
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| Coupon: | SOFR plus 40 bps
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| Trade date: | Sept. 28
|
| Price talk: | SOFR plus 40 bps
|
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