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Commonwealth Bank of Australia sells $2.5 bln notes--IFR

Source: Reuters - Fri 19th Jun 2009

The Commonwealth Bank of Australia on Thursday sold $2.5 billion of notes in a two-part issue which is guaranteed by the Commonwealth of Australia, IFR, a Thomson Reuters service, said.

The sale consisted of $1 billion of five-year fixed ratenotes priced to yield 90.3 basis points more than comparableU.S. Treasuries, and $1.5 billion of five-year floating-ratenotes with a coupon rate 50 basis points over the London interbank offered rate or LIBOR.

Both notes are due June 25, 2014.

Barclays, Morgan Stanley and Commonwealth Bank of Australia were the joint lead managers of the sale, said IFR.

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