CommBank launches PERLS XII AT1 deal
- Wednesday, 09 October 2019
On 9 October, Commonwealth Bank of Australia (CommBank) launched an indicative A$750 million (US$504.7 million) additional tier-one (AT1) capital transaction, PERLS XII. The notes have a call date of 20 April 2027 and a mandatory exchange date of 20 April 2029. Indicative price guidance for the forthcoming deal is 300-320 basis points over three-month bank bills, with the final margin expected to be determined on 17 October following a bookbuild.
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