Commonwealth bank announces results of CommBank Retail Bonds bookbuild
Sydney, 26 November 2010: Commonwealth Bank of Australia (the “Bank”) is pleased to announce that it has successfully completed the bookbuild for the offer of CommBank Retail Bonds (the “Offer”) to eligible brokers under the Broker Firm Offer tranche of the Offer.
The Bank has allocated $500 million of CommBank Retail Bonds on a firm basis to eligible brokers through the bookbuild process. The final size of the Offer will depend on the volume of applications received under the Securityholder and Customer Offer as well as the General Offer. However, the Bank reserves the right to reject any applications already received and to scale back applications.
Lyn Cobley, Group Treasurer said: “We are very pleased with the outcome of the bookbuild. There has been strong support from our syndicate brokers and from the market in general. This Offer achieves the important objectives of further diversifying the Bank’s funding sources as well as facilitating a more active retail bond market in Australia.”
Interested investors can obtain a copy of the Offer Document by:
- downloading a copy, available online at www.commsec.com.au;
- calling the CommBank Retail Bonds Information Line on 1800 022 440 (Monday to Friday 8.00am–7.30pm, Sydney time); or
- contacting their broker.
Investors should read and consider the Offer Document in full and obtain professional advice before deciding whether to acquire CommBank Retail Bonds. Applications can only be made by completing the application form that accompanies the Offer Document. This announcement is not advice and has not taken into account your objectives, financial situation or needs.
For additional information, please contact:
The offering of securities referred to this release is open only to investors that are in Australia and, accordingly, this release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or to, or for the account or benefit of, any U.S. Person (as defined in Regulation S under the U.S. Securities Act of 1933).