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Australia's CBA sells 107.1 bln yen in Samurais

Mon Apr 7, 2008 9:01pm EDT

Stocks

   

TOKYO, April 8 (Reuters) - Commonwealth Bank of Australia Ltd (CBA.AX), Australia's second-biggest lender, sold 107.1 billion yen ($1.1 billion) of Samurai bonds on Tuesday, lead manager Nikko Citigroup said.

CBA sold 45.7 billion yen of five-year fixed-rate bonds at a spread of 100 basis points over yen interest rate swaps and 61.4 billion yen of five-year floating-rate bonds with a coupon set at 100 basis points over three-month yen Libor.

Lead managers were Daiwa Securities SMBC, Nikko Citigroup and Nomura Securities.

Samurai bonds are yen bonds issued in Japan by non-Japanese entities. (Reporting by Takefumi Ito and Naoyuki Katayama: writing by Rika Otsuka)



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