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

Thu Jun 18, 2009 10:45pm IST
 
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NEW YORK, June 18 (Reuters) - The Commonwealth Bank of Australia (CBA.AX: Quote, Profile, Research) 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 rate notes priced to yield 90.3 basis points more than comparable U.S. Treasuries, and $1.5 billion of five-year floating-rate notes 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. (Reporting by Pam Niimi; Editing by Kenneth Barry)

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