CBA launches A$500 mln 5-year non-guaranteed offer

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SYDNEY, July 6 (Reuters) - Commonwealth Bank of Australia
(CBA) on Monday said it had launched a minimum A$500 million
($397 million) offer of five-year non-government guaranteed
bonds.

Pricing was expected by Tuesday, subject to market
conditions. The deal was expected to be rated AA by S&P and Aa1
by Moody's.

CBA is sole lead manager on the deal.
($1=1.26 Australian Dollar)
(Reporting by Wayne Cole)