SYDNEY, Sept 14 (Reuters) - Commonwealth Bank of Australia CBA.AX , the country's No. 2 lender by assets, said on Monday it has raised A$5.1 billion ($3.6 billion) through a rights issue after completing a retail bookbuild amid volatile market conditions.
Last month, CBA announced a fully underwritten 1-for-23 rights issue at an offer price of A$71.50 a share, and raised an initial A$2.1 billion through institutions. ID:nL3N10M68G
Local media last week reported that only about half of the shares from the remaining A$3 billion were taken up by the bank's retail shareholders, despite the stock being offered at a discounted rate, leading to speculation that more might be offered to insitutions.
CBA did not give a final breakdown of the take-up by institutional and retail shareholders.
CBA shares last closed at A$75.13. They have fallen 11.8 percent so far this, largely representing its discounted offer price, while the broader index .AXJO has lost about 6 percent this year.
($1 = 1.4104 Australian dollars)