Commonwealth Bank of Australia to Roadshow in Europe next month
27 August 2001
Commonwealth Bank of Australia today announced it will be holding investor presentations in Asia and Europe next month with a view to launching a new benchmark bond issue shortly thereafter. The maturity, currency and size of the subsequent bond are yet to be determined and will be dependant upon investor feedback.
The Roadshow is being arranged jointly by Merrill Lynch and UBS Warburg and the timing is designed to capitalise on the recent release by the Commonwealth Bank Group of its annual accounts.
Head of Group Funding at the Commonwealth Bank Group, John te Wechel, said: "The Group has a diverse range of funding sources available to it and this roadshow is part of the continuing process of developing its investor base."
Commonwealth Bank of Australia is rated AA- (positive outlook) by Standard & Poor’s, Aa3 (positive outlook) by Moody’s and AA by Fitch.
Commonwealth Bank of Australia is a public company with shares listed on the Australian Stock Exchange. Its headquarters are in Sydney, Australia. Commonwealth Bank Group is Australia’s largest financial services organisation with leading market shares in the key areas of banking, funds management and life insurance. Operations cover both retail and wholesale financial service.