PERLS VIII: CBA tries to make amends

After its previous hybrid fell in price and depressed the entire hybrid market, CBA is trying to make amends with PERLS VIII

Commonwealth Bank began offering its CommBank PERLS VII Capital Notes, its previous hybrid issue, in September 2014. Despite paying a low 2.8% margin above the bank bill rate and raising a cool $3bn, demand was so high – helped by the ‘search for yield’ in the low interest rate environment – that the bank was forced to scale back applications.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles