The Sydney-based bank will use the notes to bolster its capital reserves and to fund operations.
August 19, 2014 at 01:10 AM
1 minute read
The original version of this story was published on Global Lawyer News
Herbert Smith Freehills is advising Commonwealth Bank of Australia on a $1.9 billion bond sale.
The Sydney-based bank is selling the ten-year capital notes, which also serve to help CBA meet Australia’s regulatory capital requirements, to fund operations. The notes will be issued on Oct. 1.
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