CBA prices A$5 billion multitranche senior deal
- Monday, 09 January 2023
Issuer name: Commonwealth Bank of Australia
Issuer rating: AA-/Aa3/A+
Issue rating: as issuer
Pricing date: 9 January 2023
Settlement date: 13 January 2023
Transaction type: senior-unsecured
Total volume: A$5 billion (US$3.5 billion)
Total outstanding in the line: A$5 billion
Lead managers: CBA
Maturity date: 13 January 2026
Volume: A$1.8 billion
Coupon type: FRN
Coupon rate: 3m BBSW +90bp
Issue/re-offer price: par
Margin: 90bp/ 3mBBSW
Maturity date: 13 January 2026
Volume: A$450 million
Coupon type: fixed
Coupon rate: 4.75%
Issue/re-offer price: 99.983%
Issue yield: 4.756%
Margin: 90bp/s-q swaps
Maturity date: 13 January 2028
Volume: A$2 billion
Coupon type: FRN
Coupon rate: 3mBBSW +115bp
Issue/re-offer price: par
Margin: 115bp/3mBBSW
Maturity date: 13 January 2028
Volume: A$750 million
Coupon type: fixed
Coupon rate: 4.75%
Issue/re-offer price: 99.781%
Issue yield: 5%
Margin: 115bp/s-q swaps
