IFLR1000

Commonwealth Bank of Australia A$5.1 billion rights issue

12/8/2015
Private placement of shares, Rights issue
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A$ 5.1 billion

Completed

12/8/2015

Overview:

  • Commonwealth Bank of Australia has undertaken a A$5.1 billion rights issue.
  • Proceeds will be used for further business developments.
  • The deal was one of the largest capital raising of the year.
  • Morgan Stanley Securities and UBS have acted as underwriters on the deal.
  • The offer was jointly managed by CBA Equities, Goldman Sachs Australia, Morgan Stanley Securities and UBS.

Katrin Kostadinova - Data analyst 

Jurisdiction:

Australia

Deal types:

Private placement of shares
Rights issue

Practice area:

Capital markets : Equity

Governing law:

Australia

Industry sector:

Banking

Firms:
Ashurst

Party: Commonwealth Bank of Australia (Joint lead manager)

Party: Goldman Sachs (Joint lead manager)

Party: UBS (Joint lead manager)

Party: Morgan Stanley Securities (Joint lead manager)

Herbert Smith Freehills

Party: Commonwealth Bank of Australia (Issuer)

Lawyer: Philippa Stone

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