On 11 October 2016, CBA announced that it had successfully completed the Bookbuild for its offer of PERLS XII Capital Notes.
Following strong demand from Syndicate Brokers and institutional investors, $1.25 billion has been allocated on a firm basis.
CBA also confirmed that the margin was set at 3.00%, at the lower bound of the 3.00-3.20% guided range.
Applications under the Securityholder Offer will still be accepted with CBA noting its right to scale Applications.
We expect a final Issue size between $1.50 and $1.75 billion for this Issue.
