On 9 November, Commonwealth Bank of Australia (CommBank) revealed a final margin of 370 basis points over three-month bank bills for its additional tier-one (AT1) capital transaction, PERLS XI – the tight end of a 20 basis point marketing range. Following the completion of a bookbuild, CommBank increased transaction volume to A$1.25 billion (US$905.6 million) from launch volume of A$750 million. Final volume will be revealed when the deal settles, expected 17 December.