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Commonwealth Bank of Australia (CBA.AX)

CBA.AX on Australia Stock Exchange

85.64AUD
21 Apr 2017
Change (% chg)

$0.51 (+0.60%)
Prev Close
$85.13
Open
$85.49
Day's High
$86.00
Day's Low
$85.47
Volume
1,959,863
Avg. Vol
2,745,501
52-wk High
$86.68
52-wk Low
$69.22

Latest Key Developments (Source: Significant Developments)

Getswift signs multiyear partnership with Commonwealth Bank
Monday, 3 Apr 2017 06:57pm EDT 

GetSwift Ltd : Signed an exclusive multiyear partnership with Commonwealth Bank .Estimates deal will result in over 257.4 million deliveries on its platform over next five years, with an estimated aggregate transaction value of $9 billion.  Full Article

ACCC denies authorisation for banks to collectively bargain with Apple, boycott Apple Pay
Thursday, 30 Mar 2017 07:05pm EDT 

Australian Competition And Consumer Commission- : ACCC denies authorisation for banks to collectively bargain with Apple and boycott Apple Pay . "ACCC is not satisfied, on balance, that the likely benefits from the proposed conduct outweigh the likely detriments" . "Concerned that the proposed conduct is likely to reduce or distort competition in a number of markets" .Says banks sought authorisation to bargain with Apple for access to near-field communication (NFC) controller in Iphones, reasonable access terms to App store.  Full Article

Commonwealth Bank Of Australia issues subordinated notes worth HK$608 mln
Wednesday, 29 Mar 2017 08:18pm EDT 

Commonwealth Bank Of Australia : On 30 march 2017, it issued HK$608 million worth of subordinated notes . Issue of subordinated notes by CBA will not have a material impact on CBA's financial position .HK$608mln callable fixed to floating rate tier 2 capital subordinated notes due 2027 issued pursuant to Euro medium term note programme.  Full Article

Commonwealth Bank Of Australia issues subordinated notes worth HK$608 mln
Wednesday, 29 Mar 2017 06:43pm EDT 

Commonwealth Bank Of Australia : On 30 march 2017, it issued HK$608 million worth of subordinated notes . Issue of subordinated notes by CBA will not have a material impact on CBA's financial position .HK$608mln callable fixed to floating rate tier 2 capital subordinated notes due 2027 issued pursuant to Euro medium term note programme.  Full Article

Commonwealth Bank Of Australia says David Craig will retire as group chief financial officer
Thursday, 23 Mar 2017 05:46pm EDT 

Commonwealth Bank Of Australia : CBA announces new group chief financial officer-cba.ax . David Craig will retire as group chief financial officer .Rob Jesudason, currently group executive for international financial services, will assume CFO role from 1 July 2017.  Full Article

Commonwealth Bank Of Australia issues subordinated notes for JPY13.3 bln
Tuesday, 14 Mar 2017 06:11pm EDT 

Commonwealth Bank Of Australia : Confirm that, on 15 march 2017, it issued JPY13.3 billion worth of subordinated notes .Issue of subordinated notes by CBA will not have a material impact on CBA's financial position.  Full Article

Kangaroo Island Plantation Timbers says secured CBA finance for Smith Bay wharf
Tuesday, 7 Mar 2017 07:22pm EST 

Kangaroo Island Plantation Timbers Ltd : CBA finance secured for Smith Bay wharf . Entered into a funding agreement with Commonwealth Bank of Australia . The bank will lend up to $57.1 mln in total . Funding agreement will support 100% of anticipated construction cost of $30mln for co's proposed Smith Bay Wharf .Deal contains provisions for up to $25mln of facilities should co elect to borrow against its expanded portfolio of land and timber assets in future.  Full Article

Kangaroo Island Plantation Timbers says secured CBA finance for Smith Bay wharf
Tuesday, 7 Mar 2017 06:47pm EST 

Kangaroo Island Plantation Timbers Ltd : CBA finance secured for Smith Bay wharf . Entered into a funding agreement with Commonwealth Bank of Australia . The bank will lend up to $57.1 mln in total . Funding agreement will support 100% of anticipated construction cost of $30mln for co's proposed Smith Bay Wharf .Deal contains provisions for up to $25mln of facilities should co elect to borrow against its expanded portfolio of land and timber assets in future.  Full Article

Commonwealth Bank Of Australia announces notes offer to raise A$750 mln
Sunday, 19 Feb 2017 04:45pm EST 

Commonwealth Bank Of Australia : Offer announcement-cba.ax . Announced offer, and lodged a prospectus, for a new Tier 1 Hybrid, commbank Perls IX capital notes . Offer is expected to raise A$750 million . Perls IX will qualify as Tier 1 capital of group . Net proceeds of offer will be used to fund group's business . Perls IX have an initial face value of A$100 ."Expected margin of between 3.90% and 4.10% above bank bill rate".  Full Article

Hotel Property Investments announces expected distribution, refinancing and property revaluation
Wednesday, 21 Dec 2016 05:20am EST 

Hotel Property Investments Ltd : Expected distribution, refinancing and property revaluation . Total expected distribution for half year of 22.2 cents . Has refinanced its outstanding loan facilities, entering into new 3 and 5 year loans with Commonwealth Bank And Westpac . Aggregate limit of facilities is $285 million, with $247.3 million drawn or committed at 21 december 2016 . Expected distribution of 9.7 cents per stapled security from trading operations for half year ending 31 december 2016 . Board amended its valuation policy, it will obtain independent valuations for at least 50% of properties each year .Commissioned independent valuations for property portfolio; total valuation at $644.8 million, an increase of $56.5 million.  Full Article

More From Around the Web

Fitch Rates CBA's EUR750m Covered Bonds 'AAA'; Outlook Stable

(The following statement was released by the rating agency) SYDNEY, April 12 (Fitch) Fitch Ratings has assigned Commonwealth Bank of Australia's (CBA, AA-/Stable/F1+) Series 62 EUR750 million mortgage covered bonds ratings of 'AAA'. The Outlook is Stable. This brings the total outstanding issuance of covered bonds to AUD23.3 billion. Series 62 is a fixed-rate bond due in April 2024 and benefits from a 12-month extendable maturity. KEY RATING DRIVERS The rating is based on CBA's Long-Term Issuer