Commonwealth Bank of Australia wraps tender for guaranteed notes

By Jennifer Chiou

New York, April 15 - Commonwealth Bank of Australia announced the results in its tender offer for any and all of five series of notes guaranteed by Australia.

The following tenders were received and accepted:

• $1,032,773,000, or 57.38%, of the $1.8 billion of floating-rate notes due June 25, 2014;

• $549,186,000, or 45.77%, of the $1.2 billion of 3.625% fixed-rate notes due June 25, 2014;

• $810,729,000, or 54.05%, of the $1.5 billion of 2.9% fixed-rate notes due Sept. 17, 2014;

• $829,775,000, or 66.38%, of the $1.25 billion of floating-rate notes due Sept. 17, 2014; and

• $334,174,000, or 26.73%, of the $1.25 billion of 2.7% fixed-rate notes due Nov. 25, 2014.

Settlement is set for April 16.

Citigroup Global Markets Inc., Commonwealth Bank of Australia and J.P. Morgan Securities LLC acted as dealer managers. D.F. King & Co., Inc. was the tender agent and information agent.

The Sydney financial services company launched the offer on April 7.

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