CommBank completes the bookbuild on PERLS VIII [UPDATED]
- Thursday, 25 February 2016
The bookbuild on the new tier-one hybrid offer for Commonwealth Bank of Australia (CommBank) was completed on February 24, with A$910 million (US$647.8 million) allocated under the broker firm offer. In a statement lodged with the Australian Securities Exchange (ASX), the issuer also revealed that the margin was set at 520 basis points over bank bill swap rate (BBSW) – the tight end of the 520-535 basis points over BBSW indicative range.
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