General manager of group funding for the Commonwealth Bank of Australia CBA, John te Wechel, oversees a funding portfolio of about A$23 billion comprising of long-term debt and hybrid capital. Nearly 80% of this paper is held by offshore investors, with an increasing number of takers located in Asia. Each year the bank launches an average of between A$4 and A$7 billion in new deals. Here te Wechel talks about CBA's fundraising plans for 2004 and a deal completed just this week.
What has been your most recent deal
te Wechel This week we raised A$500 million in subordinated debt from the domestic market. The deal was structured as...
