Reuters: Financial Services and Real Estate: UPDATE 1-Colonial Holdings completes A$1 bln notes offer

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UPDATE 1-Colonial Holdings completes A$1 bln notes offer Mar 29th 2012, 00:42 Wed Mar 28, 2012 8:42pm EDT SYDNEY, March 29 (Reuters) - Colonial Holding Company, a unit of the Commonwealth Bank of Australia, said on Thursday it had raised A$1 billion ($1.04 billion) in subordinated notes, double the offer size due to strong interest during book-building. The notes are priced at 325 basis points over three month BBSW, with a first call date in March 2017 and a final maturity in March 2037. Proceeds of the offer will be used to refinance existing debt of the Colonial Group. ($1 = 0.9637 Australian dollars) (Reporting by Amy Pyett; Editing by John Mair)

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