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BRIEF-Commonwealth Bank Of Australia announces notes offer to raise A$750 mln

Published 20/02/2017, 08:45 am
© Reuters.  BRIEF-Commonwealth Bank Of Australia announces notes offer to raise A$750 mln
CBA
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Feb 20 (Reuters) - Commonwealth Bank Of Australia CBA.AX :

* Offer announcement-cba.ax

* Announced offer, and lodged a prospectus, for a new Tier 1 Hybrid, commbank Perls IX capital notes

* Offer is expected to raise A$750 million

* Perls IX will qualify as Tier 1 capital of group

* Net proceeds of offer will be used to fund group's business

* Perls IX have an initial face value of A$100

* "Expected margin of between 3.90% and 4.10% above bank bill rate" Source text for Eikon: ID:nASXbJnQDr Further company coverage: CBA.AX

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