CBA Shareholders in Australia and New Zealand are entitled to participate in the $5 billion dollar pro rata renounceable entitlement offer. It allows eligible shareholders to buy new CBA ordinary shares at an offer price of $71.50 per new share. Shares acquired on or after the 12th August 2015 will be ineligible for the offer.

The Institutional entitlement offer and bookbuild raised $2.1b. The Retail entitlement offer is expected to raise $3 billion, and open 24th August 2015. Get more information…