On January 13, Commonwealth Bank of Australia (CommBank) (AA/Aa1/AA) launched and priced a new A$2.5 billion (US$2.49 billion) July 2015 fixed and floating rate bond. It is the first deal issued by a big four financial institution (FI) in 2011, and the largest ever non-guaranteed domestic transaction from a bank issuer. The self-led deal is CommBank's first domestic bond since September last year, and its first with a tenor beyond four years since July 2009.