On November 4, Commonwealth Bank of Australia (CommBank) (AA-/Aa2/AA-) printed A$2.3 billion (US$1.76 billion) in its first covered bond transaction since 2014. Indicative guidance on the self-led deal was 85-88 basis points over swap and 100-103 basis points over swap for the five- and 10-year lines respectively, from earlier mid-to-high 80s and low 100s spread indications.