September 11, 2019 / 11:21 PM / 4 days ago

Australia's CBA issues $2.5 bln worth subordinated notes

Sept 12 (Reuters) - Australia’s top lender Commonwealth Bank of Australia on Thursday said it has issued $2.5 billion worth of subordinated notes.

A number of banks have issued them in recent months after the regulator told lenders they needed to bolster that type of capital, which acts as a buffer during a crisis. (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Himani Sarkar)

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