trending Market Intelligence /marketintelligence/en/news-insights/trending/55piOmOwOW1m2PzJ4Sng3Q2 content esgSubNav
In This List

Commonwealth Bank of Australia to issue ¥20B of notes

Blog

Banking Essentials Newsletter May 29th Edition

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition


Commonwealth Bank of Australia to issue ¥20B of notes

Commonwealth Bank of Australia plans to issue ¥20 billion of Tier 2 capital subordinated notes.

The bank said Dec. 13 that the notes will be issued in two series, with each series consisting of ¥10 billion of callable fixed- to floating-rate subordinated notes. They will mature on the interest payment date falling in or nearest to December 2026.

The notes will be issued on Dec. 15 under the bank's euro medium-term note program. They are convertible into shares of the bank if a nonviability trigger event occurs.

As of Dec. 12, US$1 was equivalent to ¥115.45.