CBA in first US dollar-based bond issue
By Tim Neary
|
17 Mar 2010
Having already posted record results for the six months to December 2009, the CBA has made its intentions known for much of the same in the year ahead by raising $US3.5 billion ($3.82 billion) in the first US dollar-denominated bond issue this year.
According to a report in The Australian Financial Review the deal was split into three tranches with maturities stretching between three and 10 years.
Citigroup, Goldman Sachs and HSBC managed the bond issue.
As a stand-alone business the CBA reported a staggering 54% jump in interim profit at the end of last year, recording cash NPAT of $2.94bn.
The jump was attributed to the bank increasing its market share and "significant growth in outstanding home loan balances".
Brokers received a mention when the results were announced last month, with the bank saying balance growth was "supported by competitive standard variable home loan rates...and a strong branch and broker presence, with both channels continuing to outperform market growth".
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