CBA issues $2.5b of subordinated notes

Commonwealth Bank has issued $US2.5 billion ($A3.6 billion) worth of subordinated notes.

A number of banks have issued them in recent months after the banking regulator told lenders they needed to bolster that type of capital, which acts as a buffer during a crisis.

Half the notes, priced at 3.61 per cent, are due 2034, with the remained priced at 3.743 per cent and due five years later.

AAP

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