CBA Said to Hire Banks for Its First Covered Bond in Euros

Commonwealth Bank of Australia (CBA) hired banks for what would be its first covered bond issue in euros, according to a banker involved in the transaction.

CBA will manage the five-year deal itself, alongside BNP Paribas SA, HSBC Holdings Plc (HSBA) and Royal Bank of Scotland Group Plc, said the banker. The bonds will be sold when market conditions allow, the banker said.

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at parmstrong10@bloomberg.net

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