Dalrymple Bay Coal Terminal, a coal-handling facility and export terminal in Queensland, Australia, has issued triple-A rated bonds for $680 million in Australian dollars. The bonds will be used to refinance existing bank debt caused by the acquisition of eases from the Queensland government in 2002. The Commonwealth Bank of Australia acted as investment bankers to the transaction.
Required:
1. This means the Commonwealth Bank of Australia .
Group of answer choices:
A. Engaged in factoring the sale
B. Bought the bonds from Dalrymple and sold them to the public
C. Operates in the secondary securities market
D. Was responsible for co-insurance of the bond premium
E. Would be responsible for paying the dividend if Dalrymple were unable to
Answers: 1
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