CBA launches $3.5 bln notes in 3 part sale - IFR

NEW YORK, March 15 | Mon Mar 15, 2010 3:01pm EDT

NEW YORK, March 15 (Reuters) - Commonwealth Bank of Australia on Monday launched $3.5 billion of notes in a three part sale, said IFR, a Thomson Reuters service.

The sale includes $750 million of three-year floating-rate notes with an expected coupon rate of 55 basis points over the three-month London interbank offered rate.

It also includes $1.75 billion of five-year notes expected to yield 120 basis points over comparable U.S. Treasuries and $1.0 billion of 10-year notes expected to yield 135 basis points over Treasuries.

The joint lead managers on the sale are Citigroup, Goldman Sachs, HSBC and Commonwealth Bank of Australia. (Reporting by Caryn Trokie)

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