Commonwealth Bank confirms issue of Perls X Capital Notes

Company News

by Anna Napoli

The Commonwealth Bank (ASX:CBA) has announced the completion of a $1.37 billion capital raising.

The bank issued 13.65 million PERLS X capital notes were issued at a price of $100.

The PERLS X are expected to commence trading on the ASX from today.

The first distribution will be 73 cents per PERLS X on 6 June 2018.

Shares in CBA (ASX:CBA) are trading 0.20 per cent higher to $73.64
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.