Bloomberg News is reporting The Commonwealth Bank is going to sell $3 billion worth of bonds, in a two-part offer.
According to the report, CBA will sell $1 billion of five-year notes, and $2 billion of three-year floating-rate securities.
The five-year notes will yield 90 basis points more than than five-year US treasuries. The three-year notes will pay 50 basis points more than the London interbank offered rate, according to the report, which cites an unnamed source.
Read more at Bloomberg News.