CBA sets its sights on the Mainland

Returning to the senior dollar markets for the first time since 1999, the Aa3/AA- rated credit launched a $500 million FRN late on Wednesday under the joint lead of Goldman Sachs and Nomura. The five-year issue successfully leveraged price tension between Europe and Asia to bring the deal in line with outstanding comparables and achieved a roughly even distribution split between the two regions.With pricing at 99.904% on a coupon of 10bp over Libor, to yield 12bp over, the deal was sy…