Commonwealth Bank of Australia
(ASX:CBA) has raised $1.5 billion in a retail entitlement offer.
Retail shareholders were offered the opportunity to buy new CBA shares at $71.50.
CBA had expected to raise approximately $3 billion on the offering.
The multinational bank has thusfar accumulated $3.6 billion of its $5.1 billion capital raising.
Commonwealth Bank is in a trading halt while it completes a retail bookbuild.
Commonwealth Bank of Australia posted a profit of $9.1 billion in FY15.
