Ten years ago, on Thursday 11 June 2015, Shaw and Partners Financial Services proudly opened the doors to a modest office in Adelaide with a clear ambition—to build a strong presen... Read More
Commonwealth Bank of Australia (CBA) has today announced the offer for a new Tier 1 Hybrid, CommBank PERLS XIII Capital Notes (PERLS XIII)
Shaw and Partners is pleased to be appointed Co-Manager to the offer.
The offer is expected to raise $750 million, with the ability to raise more or less. PERLS XIII are expected to be quoted on ASX under the trading code CBAPJ.
PERLS XIII are subordinated, unsecured notes scheduled to pay floating rate distributions quarterly, which are expected to be fully franked. PERLS XIII have a Call Date of 20 October 2026 and will mandatorily Exchange into Ordinary Shares on 20 October 2028 (subject to certain conditions).
PERLS XIII have an Initial Face Value of A$100, and the net proceeds of the offer will be used to fund the Group’s business.
The offer is only open to Australian resident clients.
For more information, contact your Shaw and Partners Adviser.
| {{data.Symbol}} {{data.CompanyName}} | {{data.Close}} {{data.AsAt | date :'shortTime'}} | {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}% |