Help us improve our website by completing a quick survey. Start survey now

Additional Tier 1 Capital instruments

The tables below provide details on certain features of the Group’s Additional Tier 1 Capital instruments, in accordance with APRA Prudential Standard APS 330 Public Disclosure.

PERLS VI

1 Issuer CBA
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) CBAPC (ASX),
AU0000CBAPC9 (ISIN)
3 Governing law(s) of the instrument Australia
  Regulatory treatment  
4 Transitional Basel III rules Additional Tier 1
5 Post-transitional Basel III rules Additional Tier 1
6 Eligible at solo (Level 1) /group (Level 2) / group&solo (Level 1&2) Level 1&2
7 Instrument type (ordinary shares/preference shares/subordinated notes/other) Subordinated notes
8 Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) AUD 2,000m
9 Par value of instrument AUD 100
10 Accounting classification Liability – amortised cost
11 Original date of issuance 17 Oct 2012
12 Perpetual or dated Perpetual
13 Original maturity date No maturity
14 Issuer call subject to prior supervisory approval Yes
15 Optional call date, contingent call dates and redemption amount Call date 15 Dec 2018,
tax and regulatory calls,
redemption at face value (reduced by amount previously converted / written off if applicable)
16 Subsequent call dates, if applicable N / A
  Coupons/dividends  
17 Fixed or floating dividend/coupon Floating
18 Coupon rate and any related index (90 day BBSW + 3.8%) x (1 - Tax Rate)
19 Existence of a dividend stopper Yes
20 Fully discretionary, partially discretionary or mandatory Fully discretionary
21 Existence of step up or other incentive to redeem No
22 Noncumulative or cumulative Noncumulative
23 Convertible or non-convertible Convertible
24 If convertible, conversion trigger (s) Mandatory Conversion Date or quarterly thereafter if applicable, Capital Trigger Event, Non-Viability Trigger Event or Change of Control Event
APRA may trigger via Non-Viability Trigger Event
Contractual approach
25 If convertible, fully or partially may convert fully or partially
26 If convertible, conversion rate AUD 100 value of shares subject to 1% discount and conversion floor
27 If convertible, mandatory or optional conversion Mandatory
28 If convertible, specify instrument type convertible into Ordinary shares
29 If convertible, specify issuer of instrument it converts into CBA
30 Write-down feature Yes if conversion fails
31 If write-down, write-down trigger(s) Capital Trigger Event or Non-Viability Trigger Event
APRA may trigger via Non-Viability Trigger Event
Contractual approach
32 If write-down, full or partial may be written down partially
33 If write-down, permanent or temporary Permanent
34 If temporary write-down, description of write-up mechanism N / A
35 Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Tier 2 Capital
36 Non-compliant transitioned features No
37 If yes, specify non-compliant features N / A
38 Further information These securities are listed on ASX. Further information relevant to the securities is available on the ASX website.

Back to top

PERLS VII

1 Issuer CBA
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) CBAPD (ASX),
AU0000CBAPD7 (ISIN)
3 Governing law(s) of the instrument Australia
  Regulatory treatment  
4 Transitional Basel III rules Additional Tier 1
5 Post-transitional Basel III rules Additional Tier 1
6 Eligible at solo (Level 1) /group (Level 2) / group&solo (Level 1&2) Level 1&2
7 Instrument type (ordinary shares/preference shares/subordinated notes/other) Subordinated notes
8 Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) AUD 3,000m
9 Par value of instrument AUD 100
10 Accounting classification Liability – amortised cost
11 Original date of issuance
01 Oct 2014
12 Perpetual or dated Perpetual
13 Original maturity date No maturity
14 Issuer call subject to prior supervisory approval Yes
15 Optional call date, contingent call dates and redemption amount Call date 15 Dec 2022,
tax and regulatory calls,
redemption at face value (reduced by amount previously converted / written off if applicable)
16 Subsequent call dates, if applicable N / A
  Coupons/dividends  
17 Fixed or floating dividend/coupon Floating
18 Coupon rate and any related index (90 day BBSW + 2.8%) x (1 - Tax Rate)
19 Existence of a dividend stopper Yes
20 Fully discretionary, partially discretionary or mandatory Fully discretionary
21 Existence of step up or other incentive to redeem No
22 Noncumulative or cumulative Noncumulative
23 Convertible or non-convertible Convertible
24 If convertible, conversion trigger (s) Mandatory Conversion Date or quarterly thereafter if applicable, Capital Trigger Event, Non-Viability Trigger Event or Change of Control Event
APRA may trigger via Non-Viability Trigger Event
Contractual approach
25 If convertible, fully or partially may convert fully or partially
26 If convertible, conversion rate AUD 100 value of shares subject to 1% discount and conversion floor
27 If convertible, mandatory or optional conversion Mandatory
28 If convertible, specify instrument type convertible into Ordinary shares
29 If convertible, specify issuer of instrument it converts into CBA
30 Write-down feature Yes if conversion fails
31 If write-down, write-down trigger(s) Capital Trigger Event or Non-Viability Trigger Event
APRA may trigger via Non-Viability Trigger Event
Contractual approach
32 If write-down, full or partial may be written down partially
33 If write-down, permanent or temporary Permanent
34 If temporary write-down, description of write-up mechanism N / A
35 Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Tier 2 Capital
36 Non-compliant transitioned features No
37 If yes, specify non-compliant features N / A
38 Link to documentation https://www.commbank.com.au/about-us/shareholders/securities/perls-vii.html

Back to top

PERLS VIII

1 Issuer CBA
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) CBAPE (ASX),
AU0000CBAPE5 (ISIN)
3 Governing law(s) of the instrument Australia
  Regulatory treatment  
4 Transitional Basel III rules Additional Tier 1
5 Post-transitional Basel III rules Additional Tier 1
6 Eligible at solo (Level 1) /group (Level 2) / group&solo (Level 1&2) Level 1&2
7 Instrument type(ordinary shares/preference shares/subordinated notes/other) Subordinated notes
8 Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) AUD 1,450m
9 Par value of instrument AUD 100
10 Accounting classification Liability – amortised cost
11 Original date of issuance 30 Mar 2016
12 Perpetual or dated Perpetual
13 Original maturity date No maturity
14 Issuer call subject to prior supervisory approval Yes
15 Optional call date, contingent call dates and redemption amount Call date 15 Oct 2021,
tax and regulatory calls,
redemption at face value (reduced by amount previously converted / written off if applicable)
16 Subsequent call dates, if applicable N/A
  Coupons/dividends  
17 Fixed or floating dividend/coupon Floating
18 Coupon rate and any related index (90 day BBSW + 5.2%) x (1 - Tax Rate)
19 Existence of a dividend stopper Yes
20 Fully discretionary, partially discretionary or mandatory Fully discretionary
21 Existence of step up or other incentive to redeem No
22 Noncumulative or cumulative Noncumulative
23 Convertible or non-convertible Convertible
24 If convertible, conversion trigger (s) Mandatory Conversion Date or quarterly thereafter if applicable, Capital Trigger Event, Non-Viability Trigger Event or Change of Control Event
APRA may trigger via Non-Viability Trigger Event
Contractual approach
25 If convertible, fully or partially may convert fully or partially
26 If convertible, conversion rate AUD 100 value of shares subject to 1% discount and conversion floor
27 If convertible, mandatory or optional conversion Mandatory
28 If convertible, specify instrument type convertible into Ordinary shares
29 If convertible, specify issuer of instrument it converts into CBA
30 Write-down feature Yes if conversion fails
31 If write-down, write-down trigger(s) Capital Trigger Event or Non-Viability Trigger Event
APRA may trigger via Non-Viability Trigger Event
Contractual approach
32 If write-down, full or partial may be written down partially
33 If write-down, permanent or temporary Permanent
34 If temporary write-down, description of write-up mechanism N/A
35 Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Tier 2 Capital
36 Non-compliant transitioned features No
37 If yes, specify non-compliant features N/A
38 Link to documentation https://www.commbank.com.au/about-us/shareholders/securities/perls-viii.html

Back to top

Perpetual Exchangeable Floating Rate Notes

1 Issuer CBA
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) GB0008424284 (ISIN)
3 Governing law(s) of the instrument English
  Regulatory treatment  
4 Transitional Basel III rules Additional Tier 1
5 Post-transitional Basel III rules Ineligible
6 Eligible at solo (Level 1) /group (Level 2) / group&solo (Level 1&2) Level 1&2
7 Instrument type (ordinary shares/preference shares/subordinated notes/other) Perpetual notes
8 Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) AUD 135m
9 Par value of instrument USD 10,000
10 Accounting classification Liability – amortised cost
11 Original date of issuance 15 Oct 1986
12 Perpetual or dated Perpetual
13 Original maturity date No maturity
14 Issuer call subject to prior supervisory approval Yes
15 Optional call date, contingent call dates and redemption amount Call date 15 Oct 1991 (not called),
tax calls,
redemption at face value plus accrued interest
16 Subsequent call dates, if applicable Any time after first call date
  Coupons/dividends  
17 Fixed or floating dividend/coupon Floating
18 Coupon rate and any related index 6 month LIBOR + 0.0625%
19 Existence of a dividend stopper No
20 Fully discretionary, partially discretionary or mandatory Mandatory
21 Existence of step up or other incentive to redeem No
22 Noncumulative or cumulative Noncumulative
23 Convertible or non-convertible Non-convertible
24 If convertible, conversion trigger (s) N/A
25 If convertible, fully or partially N/A
26 If convertible, conversion rate N/A
27 If convertible, mandatory or optional conversion N/A
28 If convertible, specify instrument type convertible into N/A
29 If convertible, specify issuer of instrument it converts into N/A
30 Write-down feature No
31 If write-down, write-down trigger(s) N/A
32 If write-down, full or partial N/A
33 If write-down, permanent or temporary N/A
34 If temporary write-down, description of write-up mechanism N/A
35 Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Tier 2 Capital
36 Non-compliant transitioned features Yes
37 If yes, specify non-compliant features No Basel III loss absorbency
38 Further information N/A

Back to top

ASB Capital

1 Issuer ASB Capital Limited
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) ASBPA (NZX),
NZASBD0001S7 (ISIN)
3 Governing law(s) of the instrument New Zealand
  Regulatory treatment  
4 Transitional Basel III rules Additional Tier 1
5 Post-transitional Basel III rules Ineligible
6 Eligible at solo (Level 1) /group (Level 2) / group&solo (Level 1&2) Level 2
7 Instrument type (ordinary shares/preference shares/subordinated notes/other) Preference shares
8 Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) AUD 182m
9 Par value of instrument NZD 1
10 Accounting classification Non-controlling interest in consolidated subsidiary
11 Original date of issuance 10 Dec 2002
12 Perpetual or dated Perpetual
13 Original maturity date No maturity
14 Issuer call subject to prior supervisory approval Yes
15 Optional call date, contingent call dates and redemption amount Call date 10 Dec 2007 (not called),
tax and regulatory calls,
redemption at face value
16 Subsequent call dates, if applicable Any time after first call date
  Coupons/dividends  
17 Fixed or floating dividend/coupon Floating
18 Coupon rate and any related index NZ 1 yr swap + 1.3%
19 Existence of a dividend stopper Yes
20 Fully discretionary, partially discretionary or mandatory Fully discretionary
21 Existence of step up or other incentive to redeem No
22 Noncumulative or cumulative Noncumulative
23 Convertible or non-convertible Non-convertible
24 If convertible, conversion trigger (s) N/A
25 If convertible, fully or partially N/A
26 If convertible, conversion rate N/A
27 If convertible, mandatory or optional conversion N/A
28 If convertible, specify instrument type convertible into N/A
29 If convertible, specify issuer of instrument it converts into N/A
30 Write-down feature No
31 If write-down, write-down trigger(s) N/A
32 If write-down, full or partial N/A
33 If write-down, permanent or temporary N/A
34 If temporary write-down, description of write-up mechanism N/A
35 Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Tier 2 Capital
36 Non-compliant transitioned features Yes
37 If yes, specify non-compliant features No Basel III loss absorbency
38 Further information These securities are listed on NZX. Further information relevant to the securities is available on the NZX website.

Back to top

ASB Capital No 2

1 Issuer ASB Capital No.2 Limited
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) ASBPB (NZX),
NZASBD0002S5 (ISIN)
3 Governing law(s) of the instrument New Zealand
  Regulatory treatment  
4 Transitional Basel III rules Additional Tier 1
5 Post-transitional Basel III rules Ineligible
6 Eligible at solo (Level 1) /group (Level 2) / group&solo (Level 1&2) Level 2
7 Instrument type (ordinary shares/preference shares/subordinated notes/other) Preference shares
8 Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) AUD 323m
9 Par value of instrument NZD 1
10 Accounting classification Non-controlling interest in consolidated subsidiary
11 Original date of issuance 23 Dec 2004
12 Perpetual or dated Perpetual
13 Original maturity date No maturity
14 Issuer call subject to prior supervisory approval Yes
15 Optional call date, contingent call dates and redemption amount Call date 23 Dec 2009 (not called),
tax and regulatory calls,
redemption at face value
16 Subsequent call dates, if applicable Any time after first call date
  Coupons/dividends  
17 Fixed or floating dividend/coupon Floating
18 Coupon rate and any related index NZ 1 yr swap + 1%
19 Existence of a dividend stopper Yes
20 Fully discretionary, partially discretionary or mandatory Fully discretionary
21 Existence of step up or other incentive to redeem No
22 Noncumulative or cumulative Noncumulative
23 Convertible or non-convertible Non-convertible
24 If convertible, conversion trigger (s) N/A
25 If convertible, fully or partially N/A
26 If convertible, conversion rate N/A
27 If convertible, mandatory or optional conversion N/A
28 If convertible, specify instrument type convertible into N/A
29 If convertible, specify issuer of instrument it converts into N/A
30 Write-down feature No
31 If write-down, write-down trigger(s) N/A
32 If write-down, full or partial N/A
33 If write-down, permanent or temporary N/A
34 If temporary write-down, description of write-up mechanism N/A
35 Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Tier 2 Capital
36 Non-compliant transitioned features Yes
37 If yes, specify non-compliant features No Basel III loss absorbency
38 Further information These securities are listed on NZX. Further information relevant to the securities is available on the NZX website.

JavaScript is required.

JavaScript must be enabled to use our calculators. Please enable JavaScript on your browser or view more details about using this site.
Terms of Use

Access to the capital instruments site is subject to the following restrictions and terms:

The information on this site:

  • • does not constitute and is not intended to constitute an offer, invitation, inducement, solicitation or recommendation to subscribe for or purchase any securities or financial products (as those terms are defined in the Corporations Act 2001 (Cth));
  • • does not constitute an offer of securities for sale in any jurisdiction and specifically in the United States or to, or for the benefit of, “U.S. persons” (as defined in Regulation S under the U.S Securities Act of 1933, as amended (Securities Act)) (U.S. Person);
  • • has been prepared to satisfy an Australian regulatory purpose only and is not intended to constitute general or specific securities or financial product advice or a recommendation. The information does not take into account the investment objectives, financial situation and particular needs of any particular investor; and
  • • is subject to change without notice.

By proceeding to access the pages on this site, you confirm and agree that:

  • • you are not a U.S. Person, are not in the United States, and are not acting for the account or benefit of a U.S. Person;
  • • your access to this site does not violate applicable laws, including the laws of your home jurisdiction; and
  • • you have read, understood and accept the Terms of Use.

I agree to the above terms: * Yes No

* Indicates mandatory field

Loading…