RETAIL BANKING | Tony Chua, Australia

Commonwealth Bank offers $1.4bln of bonds

Lender's largest bond sale in its home market since March 3 is due in 2013.

Commonwealth Bank of Australia, the nation’s biggest bank, sold A$1.5 billion ($1.4 billion) of bonds in its biggest domestic debt sale in more than six months.

The Sydney-based lender added A$500 million of 6.25 percent notes and A$1 billion of floating-rate securities to its existing lines of bonds due in September 2013, according to an e-mailed statement on Tuesday.

The deal is Commonwealth’s largest in its home market since it sold bonds on March 3, according to data compiled by Bloomberg. It’s the biggest by any Australia-based lender since Westpac Banking Corp. issued debt in April, the data show.

View the full story in Bloomberg.

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