Commonwealth Bank of Australia announces that it has successfully completed the Bookbuild for the offer of CommBank PERLS X Capital Notes (“PERLS X”) (CBAPG).
The Offer received strong demand from Syndicate Brokers and institutional investors. CBA has allocated A$1.25 billion of PERLS X on a firm basis under the Broker Firm Offer, and the Margin has been set at 3.40% per annum. A replacement prospectus, including the Margin, is expected to be lodged with ASIC on 15 March 2018 (“Prospectus”) when the Securityholder Offer will open.
There is no customer or general offer for PERLS X. Investors wishing to apply should consider the Prospectus in full and obtain professional advice before deciding to invest in PERLS X, and consider the risks that could affect an investment in PERLS X. Applications for PERLS X under the Offer can only be made by completing the Application Form that is attached to or accompanies the Prospectus. A copy of the Prospectus, including a personalised Application Form for Eligible Securityholders, can be obtained by: registering at www.commsec.com.au