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Australia's CBA to sell 4 bln baht-denominated bonds in June

Thu May 28, 2009 10:55pm EDT

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BANGKOK, May 29 (Reuters) - Commonwealth Bank of Australia Ltd (CBA.AX) (CBA) will sell 4 billion baht ($116.4 million) bonds in two tranches in early June, according to a filing with Thailand's securities regulator.

CBA, Australia's second-largest lender, said in a statement the first tranche would have a maturity of 4 years with a coupon fixed rate of 3.93 percent. Another tranche of seven-year bonds would carry a coupon rate of 4.80 percent.

The bonds, rated "AA" by Standard & Poor's, would open for subscription on June 2-3 with HSBC's Bangkok branch being the issue's underwriter, the statement said. ($1=34.37 Baht) (Reporting by Arada Therdthammakun; Editing by Darren Schuettler)



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