Australia's CBA issues $2.5 bln worth subordinated notes

Credit: REUTERS/Edgar Su

Australia's top lender Commonwealth Bank of Australia on Thursday said it has issued $2.5 billion worth of subordinated notes.

Sept 12 (Reuters) - Australia's top lender Commonwealth Bank of Australia CBA.AX on Thursday said it has issued $2.5 billion worth of subordinated notes.

A number of banks have issued them in recent months after the regulator told lenders they needed to bolster that type of capital, which acts as a buffer during a crisis.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Himani Sarkar)

((abyjose.koilparambil@thomsonreuters.com; +91 80 67496061))

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