CBA issues $100 million worth of subordinated notes

Company News

by Anna Napoli

The Commonwealth Bank (ASX:CBA) has today announced it will issue AUD 100 million worth of subordinated notes.

The 3.66 per cent subordinated notes are due 2034.

The move follows the issue of US$2.5 billion worth of subordinated notes on 12 September 2019.

CBA says the issue of subordinated notes will not have a material impact on its financial position.

Shares in CBA (ASX:CBA) trading 1.4 per cent higher at $82.47.

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.