On January 9, Reuters announced a US$3.075 billion bond offering by the Commonwealth Bank of Australia. The following is reproduced from the announcement:
Issue: US$3.075 bln of 144a reg S bonds priced on Jan. 9.
The offer included US$2.5 bln 3-yr bonds at 78bp/swap and US$575 mln 5-yr bonds at 85bp/swap.
Participants: Nearly 100 investors in Asia, the U.S. and Europe.
Buyers mostly included asset managers and banks.
Describe this bond offering.