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Briefs: D&B highlights SME credit, CommBank to launch 5-year senior debt

06 July 2016 4:43PM
Demand for credit among businesses remains low, Dun & Bradstreet's Business Expectations Survey confirms once more. Asked if they were "likely to seek finance or credit to help your business grow" only 11.95 per cent of four hundred respondents said 'yes'. This is down from 13.2 per cent a month ago. Concerns over access to credit, however, are of slight concern, the D&B data shows, with only 3.7 per cent listing this as the principal concern to their business. The Commonwealth Bank of Australia, rated Aa2 by Moody's and AA- by S&P and Fitch, has mandated its insto-focused division, CBA Markets, as its sole lead manager for a new five years Australian dollar July 2021 (r) senior unsecured benchmark issue. IPT for the offering is three-month bank bill swap rate or semi-quarterly asset swap plus "low 120s bps area". The bank concluded with the usual: "the transaction is expected to launch in the near future, subject to market conditions."

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