Shaw and Partners appointed Co-Manager to the CommBank PERLS XIII Capital Notes offer News24 Feb 2021

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.

 

 

Related Articles
News01 Mar 2021 Shaw and Partners appointed as Joint Lead Manager to the proposed capital raising by Whispir
Shaw and Partners is pleased to be appointed as Joint Lead Manager to the proposed capital raising by Whispir Limited (ASX.WSP).   The Company is proposing to raise up to approxi... Read More
News23 Feb 2021 Shaw and Partners signs on as naming rights sponsor of the Shaw and Partners Atlantic Crew
Shaw and Partners is excited to announce its latest charitable initiative. In partnership with Gotcha4Life, Shaw and Partners has signed on as naming rights sponsor of the Shaw and... Read More
News22 Feb 2021 Courtney Hancock and Jackson Maynard win the 2021 Shaw and Partners Shannon Eckstein Ironman Classic
It was an honour to partner with BMD Northcliffe Surf Club and Summer of Surf to present the 2021 Shaw and Partners Shannon Eckstein Ironman Classic over the weekend. Shaw and Part... Read More
News10 Feb 2021 Shaw and Partners acted as Joint Lead Manager to the capital raising by CV Check
Shaw and Partners was pleased to be appointed as Joint Lead Manager to the capital raising by CV Check (ASX: CV1)   The company successfully raised $10.5 million via unconditiona... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%