(Bloomberg) -- Colonial First State Global Asset
Management, a unit of Australia's second-largest bank, plans to
raise A$885 million ($737 million) in its first public sale of
bonds backed by commercial mortgages.
The asset-management division of Commonwealth Bank of
Australia will sell A$430 million of three-year bonds, which will
likely receive the highest investment-grade rating from Standard
& Poor's, said Angus Carver, executive manager at the Sydney-
based firm. It will sell an additional A$455 million of lower-
rated debt, he said in an interview today.
Read more at Bloomberg Bonds News
Management, a unit of Australia's second-largest bank, plans to
raise A$885 million ($737 million) in its first public sale of
bonds backed by commercial mortgages.
The asset-management division of Commonwealth Bank of
Australia will sell A$430 million of three-year bonds, which will
likely receive the highest investment-grade rating from Standard
& Poor's, said Angus Carver, executive manager at the Sydney-
based firm. It will sell an additional A$455 million of lower-
rated debt, he said in an interview today.
Read more at Bloomberg Bonds News
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