CBA cashes in on chunky dual barrier ranger through RBS
Commonwealth Bank of Australia issued a $100m dual barrier range accrual via Royal Bank of Scotland on Tuesday in the joint largest range accrual of the year so far.
The 10 year non-call one deal is quarterly callable. It pays a coupon of 6.55% when 10 year CMS is greater than or equal to the two year rate and the two year rate is 7% or less.
"The demand for range accrual notes remains strong, but still tend
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