Commonwealth Bank of Australia Issues $1.25 Billion in Subordinated Notes

Commonwealth Bank of Australia ( (AU:CBA) ) just unveiled an announcement.

Commonwealth Bank of Australia (CBA) has issued U.S.$1.25 billion worth of subordinated fixed to fixed rate securities due in 2046 under its U.S. $50 billion Senior and Subordinated Medium Term Notes Program. These securities can potentially be converted into ordinary shares if a Non-Viability Trigger Event occurs, which would increase the bank’s shareholders’ equity. However, the issuance is not expected to have a material impact on CBA’s financial position. The bank has ensured compliance with relevant sections of the Corporations Act, allowing the issued shares to be freely tradeable.

More about Commonwealth Bank of Australia

Commonwealth Bank of Australia (CBA) is a major financial institution in Australia, operating in the banking industry. It offers a range of financial services including retail, business, and institutional banking, funds management, superannuation, insurance, investment, and share-broking products and services. CBA is listed on the Australian Securities Exchange (ASX) and is subject to regular reporting and disclosure obligations.

YTD Price Performance: -4.19%

Average Trading Volume: 1,969,172

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$245.6B

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