CommBank highlights quiet issuance week with domestic benchmark return

In a relatively quiet issuance week the focus in Australia shifted briefly from offshore issuers, with Commonwealth Bank of Australia (CommBank) (AA/Aa1/AA) pricing A$1.5 billion (US$1.4 billion) of three-year paper in the first domestic bank benchmark since mid-July. However, while the past few days have seen a lull in the offshore financial institution (FI) momentum witnessed in the past month more issuers are eyeing up the market with at least two having recently updated investors.