Commonwealth Bank of Australia
(ASX:CBA) has announced that it has completed a retail bond issue with strong support from the market.
The bank says it allocated $500 million of retail bonds on a firm basis to eligible brokers, adding that the final size of the offer would depend on the applications received.
Group Treasurer Lyn Cobley says the offer has further diversified the bank’s funding sources as well as facilitating a more active retail bond market in Australia.
Commonwealth Bank increased its net profit to $5.7 billion in the 2010 fiscal year.
