CommBank launches PERLS XI capital notes offer

On 1 November, Commonwealth Bank of Australia (CommBank) launched its CommBank PERLS XI Capital Notes (PERLS XI) offer. The new, tier-one hybrid deal is expected to raise A$750 million (US$530.7 million), with the ability to take more or less. The deal is callable on 26 April 2024 and has a mandatory exchange date of 26 April 2026.