Commonwealth Bank of Australia (AU:CBA) has released an update.
The Commonwealth Bank of Australia has announced the issuance of EUR 1 billion in subordinated debt securities under its US$70 billion Euro Medium Term Note Programme. These securities are exempt from the prospectus requirements in the UK and EEA, and are subject to specific conditions, including a Non-Viability Trigger Event that could lead to the conversion of the debt into ordinary shares or even a complete write-down of the investment. Investors are advised to consider the associated risks detailed in the Information Memorandum.
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