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

Terminated instruments

The tables below provide details on certain features of the Group’s recently terminated Additional Tier 1 Capital instruments.

PERLS III

1 Issuer Preferred Capital Limited
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) PCAPA (ASX),
AU0000PCAPA3 (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 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) Preference shares
8 Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) Nil - terminated
9 Par value of instrument AUD 200
10 Accounting classification Liability – amortised cost
11 Original date of issuance 06 Apr 2006
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 6 Apr 2016,
tax and regulatory calls,
redemption at face value
16 Subsequent call dates, if applicable Quarterly after first call cate
  Coupons/dividends  
17 Fixed or floating dividend/coupon Floating
18 Coupon rate and any related index (90 day BBSW + 1.05%) 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 Yes
22 Noncumulative or cumulative Noncumulative
23 Convertible or non-convertible Convertible
24 If convertible, conversion trigger (s) Tax or Regulatory Event, APRA Event, Default Event, Change of Control Event,
Dividend not paid in full, CBA discretion, 10 business days before 6 Apr 2046
APRA may trigger via APRA Event
Contractual approach
25 If convertible, fully or partially may convert fully or partially
26 If convertible, conversion rate AUD 200 value of ordinary shares (subject to 2.5% discount and conversion floor) or preference shares
27 If convertible, mandatory or optional conversion Optional for Tax or Regulatory Event, otherwise Mandatory
28 If convertible, specify instrument type convertible into May be ordinary shares or Additional Tier 1
29 If convertible, specify issuer of instrument it converts into CBA
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) Other Additional Tier 1 Capital
36 Non-compliant transitioned features Yes
37 If yes, specify non-compliant features Step-up, no Basel III loss absorbency
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 V

1 Issuer CBA
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) CBAPA (ASX),
AU0000CBAPA3 (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 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) Stapled securities
8 Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) Nil - terminated
9 Par value of instrument AUD 200
10 Accounting classification Liability – amortised cost
11 Original date of issuance 14 Oct 2009
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 No optional call date,
tax and regulatory and NOHC Event calls,
redemption at face value
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 + 3.4%) 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) Initial Conversion Date or quarterly thereafter if applicable, tax and regulatory and NOHC event conversion options
Not triggered by authority
Contractual approach
25 If convertible, fully or partially may convert fully or partially
26 If convertible, conversion rate AUD 200 value of shares subject to 1% discount and conversion floor
27 If convertible, mandatory or optional conversion May be Mandatory or Optional
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 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 ASX. Further information relevant to the securities is available on the ASX website.

Back to top

TPS 2003

1 Issuer CBA Capital Trust I
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) US124789AA60 (144a ISIN)
USU14922AA31 (RegS ISIN)
3 Governing law(s) of the instrument Delaware
  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) Trust preferred securities
8 Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) Nil - terminated
9 Par value of instrument USD 1,000
10 Accounting classification Liability – amortised cost
11 Original date of issuance 06 Aug 2003
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 30 Jun 2015,
tax and regulatory and change of control calls,
redemption at face value (plus additional amount in the case of calls other than tax before 30 Jun 2015)
16 Subsequent call dates, if applicable Any business day after first call date
  Coupons/dividends  
17 Fixed or floating dividend/coupon Fixed
18 Coupon rate and any related index 5.805%
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) CBA discretion, failure to pay, default, events required by APRA, dissolution, Acceleration Event
APRA may trigger via some events
Contractual approach
25 If convertible, fully or partially always convert fully
26 If convertible, conversion rate USD 1,000 value of ordinary shares (subject to 5% discount) or preference shares
27 If convertible, mandatory or optional conversion Optional if CBA discretion, otherwise Mandatory
28 If convertible, specify instrument type convertible into May be ordinary shares or Additional Tier 1
29 If convertible, specify issuer of instrument it converts into CBA
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

TPS 2006

1 Issuer CBA Capital Trust II
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) US12479BAA08 (144a ISIN)
USU1492UAA17 (RegS ISIN)
3 Governing law(s) of the instrument Delaware
  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) Trust preferred securities
8 Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) Nil - terminated
9 Par value of instrument USD 1,000
10 Accounting classification Shareholders' equity
11 Original date of issuance 15 Mar 2006
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 Mar 2016,
tax and regulatory calls,
redemption at face value (plus make-whole amount in the case of tax and regulatory calls before 15 Mar 2016)
16 Subsequent call dates, if applicable Any business day after first call date
  Coupons/dividends  
17 Fixed or floating dividend/coupon Fixed to Floating
18 Coupon rate and any related index 6.024% before 15 Mar 2016,
3 month LIBOR + 1.74% after
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 Yes
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 Step-up, no Basel III loss absorbency
38 Further information N / A

Back to top

 

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…