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Tier 2 Capital instruments

 

The tables below provide details on certain features of the Group’s Tier 2 Capital instruments, in accordance with APRA Prudential Standard APS 330 Public Disclosure.

 

AUD 25m April 2029 Note

1 Issuer CBA
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) AU3FN0002697 (ISIN)
3 Governing law(s) of the instrument ACT
  Regulatory treatment  
4 Transitional Basel III rules Tier 2
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) Subordinated Notes
8 Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) AUD 25m
9 Par value of instrument AUD 500,000 denoms
10 Accounting classification Liability – amortised cost
11 Original date of issuance 06 Apr 1999
12 Perpetual or dated Dated
13 Original maturity date 06 Apr 2029
14 Issuer call subject to prior supervisory approval No
15 Optional call date, contingent call dates and redemption amount N/A
16 Subsequent call dates, if applicable N/A
  Coupons/dividends  
17 Fixed or floating dividend/coupon Fixed Rate
18 Coupon rate and any related index 6.5%
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) Unsubordinated unsecured creditors
36 Non-compliant transitioned features Yes
37 If yes, specify non-compliant features No Basel III loss absorbency
38 Further information N / A

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AUD 1,000m November 2024 Note

1 Issuer CBA
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) AU3FN0025367 (ISIN)
3 Governing law(s) of the instrument New South Wales
  Regulatory treatment  
4 Transitional Basel III rules Tier 2
5 Post-transitional Basel III rules Tier 2
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 1,000m
9 Par value of instrument AUD 100,000
10 Accounting classification Liability – amortised cost
11 Original date of issuance 05 Nov 2014
12 Perpetual or dated Dated
13 Original maturity date 05 Nov 2024
14 Issuer call subject to prior supervisory approval Yes
15 Optional call date, contingent call dates and redemption amount Call date on 5 November 2019, tax and regulatory calls, redemption at face value with any accrued but unpaid interest
16 Subsequent call dates, if applicable Any interest payment date after the first call date
  Coupons/dividends  
17 Fixed or floating dividend/coupon Floating rate
18 Coupon rate and any related index 3m BBSW + 1.95%
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 Cumulative
23 Convertible or non-convertible Convertible
24 If convertible, conversion trigger (s) Non-Viability Trigger Event
25 If convertible, fully or partially all or some securities may be converted
26 If convertible, conversion rate AUD 100,000 value of ordinary shares subject to 1% discount and conversion floor
27 If convertible, mandatory or optional conversion Mandatory upon occurrence of Non-Viability Trigger Event
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) Non-Viability Trigger Event
32 If write-down, full or partial All or some securities may be written down
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) Unsubordinated unsecured creditors
36 Non-compliant transitioned features No
37 If yes, specify non-compliant features N/A
38 Link to documentation These securities are issued through CBA’s domestic debt program. Further details on the domestic debt programme are available from the Debt Investors section of the CommBank website.

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AUD 750m June 2026 Note

1

Issuer

CBA

2

Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)

AU3FN0031597 (ISIN)

3

Governing law(s) of the instrument

New South Wales

 

Regulatory treatment

 

4

Transitional Basel III rules

Tier 2

5

Post-transitional Basel III rules

Tier 2

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 750m

9

Par value of instrument

AUD 100,000

10

Accounting classification

Liability – amortised cost

11

Original date of issuance

3 Jun 2016

12

Perpetual or dated

Dated

13

Original maturity date

3 Jun 2026

14

Issuer call subject to prior supervisory approval

Yes

15

Optional call date, contingent call dates and redemption amount

Call date on 3 Jun 2021, tax and regulatory calls, redemption at face value with any accrued but unpaid interest

16

Subsequent call dates, if applicable

Any interest payment date after the first call date

 

Coupons/dividends

 

17

Fixed or floating dividend/coupon

Floating rate

18

Coupon rate and any related index

3m BBSW + 2.65%

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

Cumulative

23

Convertible or non-convertible

Convertible

24

If convertible, conversion trigger (s)

Non-Viability Trigger Event

25

If convertible, fully or partially

All or some securities may be converted

26

If convertible, conversion rate

AUD 100,000 value of ordinary shares subject to 1% discount and conversion floor

27

If convertible, mandatory or optional conversion

Mandatory upon occurrence of Non-Viability Trigger Event

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)

Non-Viability Trigger Event

32

If write-down, full or partial

All or some securities may be written down

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)

Unsubordinated unsecured creditors

36

Non-compliant transitioned features

No

37

If yes, specify non-compliant features

N / A

38

Link to documentation

These securities are issued through CBA’s domestic debt program. Further details on the domestic debt programme are available from the Debt Investors section of the CommBank website.

 

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CNY 1,000m March 2025 Note

1 Issuer CBA
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) XS1200840111 (ISIN)
3 Governing law(s) of the instrument English and New South Wales
  Regulatory treatment  
4 Transitional Basel III rules Tier 2
5 Post-transitional Basel III rules Tier 2
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 202m
9 Par value of instrument CNY 10,000
10 Accounting classification Liability – amortised cost
11 Original date of issuance 11 Mar 2015
12 Perpetual or dated Dated
13 Original maturity date 11 Mar 2025
14 Issuer call subject to prior supervisory approval Yes
15 Optional call date, contingent call dates and redemption amount Call date on 11 Mar 2020, tax and regulatory calls, redemption at face value with any accrued but unpaid interest
16 Subsequent call dates, if applicable N / A
  Coupons/dividends  
17 Fixed or floating dividend/coupon Fixed rate
18 Coupon rate and any related index CNH HIBOR + 0.8643%
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 Cumulative
23 Convertible or non-convertible Convertible
24 If convertible, conversion trigger (s) Non-Viability Trigger Event
25 If convertible, fully or partially All or some securities may be converted
26 If convertible, conversion rate CNY 10,000 value of ordinary shares subject to 1% discount and conversion floor
27 If convertible, mandatory or optional conversion Mandatory upon occurrence of Non-Viability Trigger Event
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) Non-Viability Trigger Event
32 If write-down, full or partial All or some securities may be written down
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) Unsubordinated unsecured creditors
36 Non-compliant transitioned features No
37 If yes, specify non-compliant features N/A
38 Link to documentation These securities are listed on ASX. Further information relevant to the securities is available on the ASX website.

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EUR 1bn August 2019 Note

1 Issuer CBA
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) XS0443708242 (ISIN)
3 Governing law(s) of the instrument English
  Regulatory treatment  
4 Transitional Basel III rules Tier 2
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) Subordinated Notes
8 Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) AUD 1,196m
9 Par value of instrument EUR 1,000 denoms
10 Accounting classification Liability – amortised cost
11 Original date of issuance 06 Aug 2009
12 Perpetual or dated Dated
13 Original maturity date 06 Aug 2019
14 Issuer call subject to prior supervisory approval No
15 Optional call date, contingent call dates and redemption amount No optional call date,
tax calls,
redemption at face value plus accrued interest
16 Subsequent call dates, if applicable N/A
  Coupons/dividends  
17 Fixed or floating dividend/coupon Fixed Rate
18 Coupon rate and any related index 5.5%
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) Unsubordinated unsecured creditors
36 Non-compliant transitioned features Yes
37 If yes, specify non-compliant features No Basel III loss absorbency
38 Further information N / A

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EUR 1,250m April 2027 Note

1 Issuer CBA
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) XS1219642441 (ISIN)
3 Governing law(s) of the instrument

English and New South Wales

  Regulatory treatment  
4 Transitional Basel III rules Tier 2
5 Post-transitional Basel III rules Tier 2
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 1,869m
9 Par value of instrument EUR 1,000
10 Accounting classification Liability – amortised cost
11 Original date of issuance 22 Apr 2015
12 Perpetual or dated Dated
13 Original maturity date 22 Apr 2027
14 Issuer call subject to prior supervisory approval Yes
15 Optional call date, contingent call dates and redemption amount Call date on 22 Apr 2022, tax and regulatory calls, redemption at face value with any accrued but unpaid interest
16 Subsequent call dates, if applicable N/A
  Coupons/dividends  
17 Fixed or floating dividend/coupon Fixed Rate
18 Coupon rate and any related index EUR mid-swap rate +1.75%
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 Cumulative
23 Convertible or non-convertible Convertible
24 If convertible, conversion trigger (s)

Non-Viability Trigger Event

 

25 If convertible, fully or partially All or some securities may be converted
26 If convertible, conversion rate EUR 1,000 value of ordinary shares subject to 1% discount and conversion floor
27 If convertible, mandatory or optional conversion Mandatory upon occurrence of Non-Viability Trigger Event
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) Non-Viability Trigger Event
32 If write-down, full or partial All or some securities may be written down
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) Unsubordinated unsecured creditors
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.

 

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GBP 150m December 2023 Note

1 Issuer CBA
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) XS017038068 (ISIN)
3 Governing law(s) of the instrument English
  Regulatory treatment  
4 Transitional Basel III rules Tier 2
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) Subordinated Notes
8 Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) AUD 271m
9 Par value of instrument GBP 10,000 denoms
10 Accounting classification Liability – amortised cost
11 Original date of issuance 19 Jun 2003
12 Perpetual or dated Dated
13 Original maturity date 19 Dec 2023
14 Issuer call subject to prior supervisory approval Yes
15 Optional call date, contingent call dates and redemption amount Call date 19 Dec 2018,
tax calls,
redemption at face value plus accrued interest
16 Subsequent call dates, if applicable Quarterly after first call date on Coupon Payment Date
  Coupons/dividends  
17 Fixed or floating dividend/coupon Fixed to Floating
18 Coupon rate and any related index 4.875% to 19 December 2018 then 3m GBP Libor + 1.42%
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 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) Unsubordinated unsecured creditors
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

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JPY 20bn Perpetual Note

1 Issuer CBA
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) XS0095330287 (ISIN)
3 Governing law(s) of the instrument English
  Regulatory treatment  
4 Transitional Basel III rules Tier 2
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) Subordinated Notes
8 Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) AUD 262m
9 Par value of instrument JPY 100,000,000 denoms
10 Accounting classification Liability – amortised cost
11 Original date of issuance 07 Apr 1999
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 28 Sep 2029,
tax calls,
redemption at face value plus accrued interest
16 Subsequent call dates, if applicable Every 5 years after first call date on Coupon Payment Date
  Coupons/dividends  
17 Fixed or floating dividend/coupon Fixed to Floating
18 Coupon rate and any related index 4.775% to 28 September 2029 then 6m JPY Libor + 1.70%
19 Existence of a dividend stopper No
20 Fully discretionary, partially discretionary or mandatory Partially discretionary
21 Existence of step up or other incentive to redeem Yes
22 Noncumulative or cumulative Cumulative
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) Unsubordinated unsecured creditors
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

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JPY 20bn December 2026 Note


1

Issuer

CBA

2

Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)

XS1527164278 (ISIN)

3

Governing law(s) of the instrument

England and New South Wales

 

Regulatory treatment

 

4

Transitional Basel III rules

Tier 2

5

Post-transitional Basel III rules

Tier 2

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)

N/A (issued amount JPY 20bn)

9

Par value of instrument

JPY 100,000,000 denoms

10

Accounting classification

Liability – amortised cost

11

Original date of issuance

2 December 2016

12

Perpetual or dated

Dated

13

Original maturity date

2 December 2026

14

Issuer call subject to prior supervisory approval

Yes

15

Optional call date, contingent call dates and redemption amount

Call date on 2 December 2021, tax and regulatory calls, redemption at face value with any accrued but unpaid interest

16

Subsequent call dates, if applicable

Any interest payment date after the first call date

 

Coupons/dividends

 

17

Fixed or floating dividend/coupon

Fixed to Floating

18

Coupon rate and any related index

1.08% to 2 December 2021 then 6m JPY LIBOR + 1.0125%

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

Cumulative

23

Convertible or non-convertible

Convertible

24

If convertible, conversion trigger (s)

Non-Viability Trigger Event

25

If convertible, fully or partially

All or some securities may be converted

26

If convertible, conversion rate

JPY 100,000,000 value of ordinary shares subject to 1% discount and conversion floor

27

If convertible, mandatory or optional conversion

Mandatory upon occurrence of Non-Viability Trigger Event

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)

Non-Viability Trigger Event

32

If write-down, full or partial

All or some securities may be written down

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)

Unsubordinated unsecured creditors

36

Non-compliant transitioned features

No

37

If yes, specify non-compliant features

N / A

38

Link to documentation

These securities are issued through CBA’s Euro medium term note programme. Further details on this programme are available from the Debt Investors section of the CommBank website.

 

 

 

USD 350m June 2018 Note

1 Issuer CBA
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) USQ26915CL29 (RegS ISIN)
US202712AG03 (144a ISIN)
3 Governing law(s) of the instrument State of New York and Commonwealth of Australia
  Regulatory treatment  
4 Transitional Basel III rules Tier 2
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) Subordinated Notes
8 Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) AUD 189m
9 Par value of instrument USD 1,000 denoms
10 Accounting classification Liability – amortised cost
11 Original date of issuance 04 Jun 2003
12 Perpetual or dated Dated
13 Original maturity date 15 Jun 2018
14 Issuer call subject to prior supervisory approval No
15 Optional call date, contingent call dates and redemption amount No optional call date,
tax calls,
redemption at face value plus accrued interest
16 Subsequent call dates, if applicable N/A
  Coupons/dividends  
17 Fixed or floating dividend/coupon Fixed Rate
18 Coupon rate and any related index 4.65%
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) Unsubordinated unsecured creditors
36 Non-compliant transitioned features Yes
37 If yes, specify non-compliant features No Basel III loss absorbency
38 Further information N / A

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USD 1,250m December 2025 Note

1 Issuer CBA
2 Unique identifier(eg CUSIP, ISIN or Bloomberg identifier for private placement) US2027A1HR15 (RegS ISIN)
US2027A0HR32 (144A ISIN)
3 Governing law(s)of the instrument New York and New South Wales
  Regulatory treatment  
4 Transitional Basel III rules Tier 2
5 Post-transitional Basel III rules Tier 2
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 1,682m
9 Par value of instrument USD 1,000
10 Accounting classification Liability – amortised cost
11 Original date of issuance 9 Dec 2015
12 Perpetual or dated Dated
13 Original maturity date 9 Dec 2025
14 Issuer call subject to prior supervisory approval Yes
15 Optional call date, contingent call dates and redemption amount Tax and regulatory calls, redemption at face value with any accrued but unpaid interest
16 Subsequent call dates, if applicable N / A
  Coupons/dividends  
17 Fixed or floating dividend/coupon Fixed rate
18 Coupon rate and any related index 4.50%
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 Cumulative
23 Convertible or non-convertible Convertible
24 If convertible, conversion trigger (s) Non-Viability Trigger Event
25 If convertible, fully or partially All or some securities may be converted
26 If convertible, conversion rate USD 1,000 value of ordinary shares subject to 1% discount and conversion floor
27 If convertible, mandatory or optional conversion Mandatory upon occurrence of Non-Viability Trigger Event
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) Non-Viability Trigger Event
32 If write-down, full or partial All or some securities may be written down
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) Unsubordinated unsecured creditors
36 Non-compliant transitioned features No
37 If yes, specify non-compliant features N / A
38 Link to documentation N / A

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USD750m October 2026 Note

1

Issuer

CBA

2

Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)

XS1506401568 (ISIN)

3

Governing law(s) of the instrument

England and New South Wales

 

Regulatory treatment

 

4

Transitional Basel III rules

Tier 2

5

Post-transitional Basel III rules

Tier 2

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)

USD748.56m

9

Par value of instrument

USD 1,000

10

Accounting classification

Liability – amortised cost

11

Original date of issuance

20 October 2016

12

Perpetual or dated

Dated

13

Original maturity date

20 October 2026

14

Issuer call subject to prior supervisory approval

Yes

15

Optional call date, contingent call dates and redemption amount

Call date on 20 October 2021, tax and regulatory calls, redemption at face value with any accrued but unpaid interest

16

Subsequent call dates, if applicable

Any interest payment date after the first call date

 

Coupons/dividends

 

17

Fixed or floating dividend/coupon

Fixed to Floating

18

Coupon rate and any related index

3.375% to 20 October 2021 then 3m USD LIBOR + 2.094%

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

Cumulative

23

Convertible or non-convertible

Convertible

24

If convertible, conversion trigger (s)

Non-Viability Trigger Event

25

If convertible, fully or partially

All or some securities may be converted

26

If convertible, conversion rate

USD 1,000 value of ordinary shares subject to 1% discount and conversion floor

27

If convertible, mandatory or optional conversion

Mandatory upon occurrence of Non-Viability Trigger Event

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)

Non-Viability Trigger Event

32

If write-down, full or partial

All or some securities may be written down

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)

Unsubordinated unsecured creditors

36

Non-compliant transitioned features

No

37

If yes, specify non-compliant features

N / A

38

Link to documentation

These securities are issued through CBA’s Euro medium term note programme. Further details on this programme are available from the Debt Investors section of the CommBank website.

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ASB Subordinated Notes

1 Issuer ASB Bank Limited
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) ABBFA (NZX)
NZABBDG001C4 (ISIN)
3 Governing law(s) of the instrument New Zealand and New South Wales
  Regulatory treatment  
4 Transitional Basel III rules Tier 2
5 Post-transitional Basel III rules Tier 2
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) Subordinated Notes
8 Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) AUD 331m
9 Par value of instrument NZD 1
10 Accounting classification Liability – amortised cost
11 Original date of issuance 17 Apr 2014
12 Perpetual or dated Dated
13 Original maturity date 15 Jun 2024
14 Issuer call subject to prior supervisory approval Yes
15 Optional call date, contingent call dates and redemption amount 15 Jun 2019,
tax and regulatory calls,
redemption at face value with any accrued but unpaid interest
16 Subsequent call dates, if applicable Any interest payment date after the first call date
  Coupons/dividends  
17 Fixed or floating dividend/coupon Fixed
18 Coupon rate and any related index 6.65% (5yr swap rate + 2.05%)
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 Cumulative
23 Convertible or non-convertible Convertible
24 If convertible, conversion trigger (s) Non-Viability Trigger Event
25 If convertible, fully or partially all or some securities may be converted
26 If convertible, conversion rate NZD 1 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) Non-Viability Trigger Event
32 If write-down, full or partial all or some securities may be written down
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) Unsubordinated unsecured creditors
36 Non-compliant transitioned features No
37 If yes, specify non-compliant features N/A
38 Link to documentation These securities are listed on NZX. Further information relevant to the securities is available on the NZX website.

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ASB Subordinated Notes 2


1

Issuer

ASB Bank Limited

2

Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)

ABB050 (NZX)
NZABBDG002C2(ISIN)

3

Governing law(s) of the instrument

New Zealand and New South Wales

 

Regulatory treatment

 

4

Transitional Basel III rules

Tier 2

5

Post-transitional Basel III rules

Tier 2

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)

Subordinated Notes

8

Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date)

N/A (issued amount NZD400m)

9

Par value of instrument

NZD 1

10

Accounting classification

Liability – amortised cost

11

Original date of issuance

30 November 2016

12

Perpetual or dated

Dated

13

Original maturity date

15 December 2026

14

Issuer call subject to prior supervisory approval

Yes

15

Optional call date, contingent call dates and redemption amount

Call date on 15 December 2021, tax and regulatory calls, redemption at face value with any accrued but unpaid interest

16

Subsequent call dates, if applicable

Any interest payment date after the first call date

 

Coupons/dividends

 

17

Fixed or floating dividend/coupon

Fixed

18

Coupon rate and any related index

5.25% to 15 December 2021 then NZD 5 year Swap Rate + 2.80%

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

Cumulative

23

Convertible or non-convertible

Convertible

24

If convertible, conversion trigger (s)

Non-Viability Trigger Event

25

If convertible, fully or partially

All or some securities may be converted

26

If convertible, conversion rate

NZD 1 value of shares subject to 1% discount and conversion floor

27

If convertible, mandatory or optional conversion

Mandatory upon occurrence of Non-Viability Trigger Event

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)

Non-Viability Trigger Event

32

If write-down, full or partial

All or some securities may be written down

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)

Unsubordinated unsecured creditors

36

Non-compliant transitioned features

No

37

If yes, specify non-compliant features

N / A

38

Link to documentation

These securities are listed on NZX. Further information relevant to the securities is available on the New Zealand Disclose register (www.business.govt.nz/disclose) and on the NZX website.

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