RPT-Australia’s CBA selling first bond not referencing LIBOR-equivalent rate
Australia’s Commonwealth Bank
is planning to sell A$1 billion ($687.20 million) worth
of residential mortgage bonds in the country’s first public deal
that will not use the local LIBOR-equivalent benchmark, the bank
bill swap (BBSW) rate.
is planning to sell A$1 billion ($687.20 million) worth
of residential mortgage bonds in the country’s first public deal
that will not use the local LIBOR-equivalent benchmark, the bank
bill swap (BBSW) rate.
Posted by Reuters
