The Commonwealth Bank of Australia (ASX: CBA) today announced the successful completion of the Bookbuild for the PERLS IX (Prospective ASX Code: CBAPF), setting the margin at 3.90% over the 3-month Bank Bill Swap Rate (90BBSW). Due to strong investor demand, CBA allocated $1.45 billion under the Broker Firm Offer and continues to accept applications under the Securityholder Offer. The initial indicative size of the offer was $750 million.
The offer will remain open from the 28th of February 2017 to the 24th of March 2017.
PERLS IX will commence trading on a deferred settlement basis on the 3rd of April 2017, with normal settlement trading commencing on the 5th of April 2017.
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