CommBank's US$2 billion shows offshore markets still hungry for guarantee
- Friday, 05 June 2009
Commonwealth Bank of Australia (CommBank) (AA/Aa1/AA) priced a total of US$2 billion of three-year fixed and floating rate bonds on June 3 under the Australian government guarantee, with the issuer saying strong demand for guaranteed product among offshore investors continues to make it a more attractive source of funds than unguaranteed deals.
