Courtesy photo Herbert Smith Freehills Acts on Commonwealth Bank of Australia's $1.1B Notes Issue
HSF said it has worked on similar capital notes issues for other Australia banks.
November 07, 2022 at 04:27 PM
2 minute read
Herbert Smith Freehills is advising the Commonwealth Bank of Australia on its latest $1.1 billion capital notes issue as the bank raises capital to meet liquidity requirements.
CommBank PERLS XV Capital Notes are subordinated, unsecured notes, and proceeds from the A$1.8 billion issue will raise Tier 1 Capital to satisfy CBA's regulatory capital requirements and maintain the diversity of CBA's sources and types of funding.
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