CBA has just announced the launch of a new income offer: CommBank Perls 7 Capital Notes. The first round of access is through a broker firm allocation, prior to shareholder offer and listing in October. Note: There is no Customer or General Offer
The Notes will pay a quarterly coupon of 2.8%-3.0% (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 2.64% as of 15th August, with an initial indicative rate of 5.46%-5.66%pa. (The first pricing is due to be set