CommBank PERLS X Capital Notes - Completion of Bookbuild & Replacement Prospectus

Commonwealth Bank of Australia (CBA) on 9 March 2018 announced the successful completion of the Bookbuild for the offer of CommBank PERLS X Capital Notes (Prospective ASX Code: CBAPG).

The final margin was set at 3.40% p.a. over 90 Day BBSW, at the bottom of the indicative range (3.40 - 3.60%).

The Broker Firm Offer allocated a total of $1.25 billion following strong demand from syndicate brokers and institutional investors.  This was $500 million more than the original expectation of $750 million, with the Securityholder Offer still to complete (closes 29 March 2018).

A replacement prospectus was issued on 15 March 2018 and is available below.