Bloomberg News

Investec Closes Buyback Offer for Government Guaranteed Debt

June 10, 2011

June 10 (Bloomberg) -- Investec Bank (Australia) Ltd. closed a buy back offer for Australian dollar-denominated government-guaranteed bonds due in February 2012, according to an e-mailed statement from Commonwealth Bank of Australia, which helped manage the transaction.

The lender will repurchase A$128.4 million of notes at a price that equates to the semi-quarterly coupon matched asset swap rate, according to the statement.

To contact the reporter on this story: Sarah McDonald in Sydney at smcdonald23@bloomberg.net

To contact the editor responsible for this story: Edward Johnson at ejohnson28@bloomberg.net


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