October 8, 2019 / 10:01 PM / 11 days ago

Australia's CBA to raise $505 mln through notes offering

Oct 9 (Reuters) - Commonwealth Bank of Australia on Wednesday announced a capital notes offering to raise about A$750 million ($504.60 million).

CBA said the “PERLS XII” capital notes will be classified as tier-1 capital for the bank, and are subordinated, unsecured notes scheduled to pay floating rate distributions quarterly. ($1 = 1.4863 Australian dollars) (Reporting by Ambar Warrick in Bengaluru; Editing by Sandra Maler)

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