CommBank's busy issuance week strengthens capital position

Commonwealth Bank of Australia (CommBank) raised the equivalent of A$4.6 billion (US$4.8 billion) in a brace of oversubscribed deals in two days this week, which the bank says puts it comfortably on the way to meeting this year's funding requirement. CommBank sold US$3.25 billion bonds in the US market through a three-tranche senior unsecured issue on September 11, and priced A$1.5 billion in its domestic tier one hybrid offering the following day.