Commonwealth Bank of Australia (CBA) today announces that it has brought forward and successfully completed the Bookbuild for the offer of CommBank PERLS XIV Capital Notes (PERLS XIV) (Offer).
CBA has allocated $1.75 billion of PERLS XIV on a firm basis under the Offer, and the Margin has been set at 2.75 per cent per annum.
A replacement prospectus (Prospectus) including the Margin and revised offer size is expected to be lodged with ASIC on Wednesday 9 March 2022. A copy of the Prospectus will be available at commbank.com.au/perls.
Applications for PERLS XIV under the Offer can only be made through a Syndicate Broker. Eligible investors applying for PERLS XIV should speak to their Syndicate Broker regarding their application, read and consider the Prospectus in full and complete an application form accompanying the Prospectus.
Unless otherwise defined, capitalised terms in this announcement have the meaning given to them in the Prospectus.
Investments in PERLS XIV are an investment in CBA and may be affected by the ongoing performance, financial position and solvency of CBA. They are not deposit liabilities or protected accounts of CBA under the Banking Act 1959 (Cth) and are not guaranteed or insured by any Australian government, government agency or compensation scheme. The information provided in this announcement is not investment advice and has been prepared without taking into account your investment objectives, financial situation or particular needs (including financial and taxation considerations). If you have any questions, you should seek advice from your financial or other professional advisor before deciding to invest in PERLS XIV.
The offering of securities referred to in this release is open only to investors that are in Australia, and accordingly, this release does not constitute an offer to sell, or a solicitation of an offer to buy, 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, as amended). This information, the Prospectus or any other material relating to the Offer is not for distribution in the United States.