Commonwealth Bank of Australia (CBA) has lodged a prospectus for CommBank PERLS XIII for an offer of $750 million, with the ability to raise more or less.
Net proceeds of the Offer will be used for general corporate purposes. The Australian Prudential Regulation Authority (APRA) has provided confirmation that CommBank PERLS XIII Capital Notes, once issued, will qualify as Additional Tier 1 Capital for the purposes of CBA’s regulatory capital requirements.
Other points are;
More information can be found in the Prospectus, with Section 4 detailing the investment risks of CommBank PERLS XIII – Link to Prospectus