Original article by Jonathan Shapiro
The Australian Financial Review – Page: 15 : 11-Sep-17
The Commonwealth Bank of Australia may make a bond issue in the week beginning 11 September 2017. Australia’s large banks use such issues to help cover the gap between the amount of loans they have outstanding and the value of their deposits. If the CBA does proceed with the bond issue, it will be its first since AUSTRAC announced that it is taking legal action against it over alleged breaches of money-laundering regulations. The CBA raised around $A40 billion in fiscal 2017 from wholesale long-term debt.
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE, WESTPAC BANKING CORPORATION – ASX WBC, TRANSURBAN GROUP LIMITED – ASX TCL, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, MOODY’S ANALYTICS AUSTRALIA PTY LTD, ALTIUS ASSET MANAGEMENT PTY LTD, SANTOS LIMITED – ASX STO, WOODSIDE PETROLEUM LIMITED – ASX WPL