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Commonwealth Bank of Australia Announces Redemption of Perpetual Preference Shares

06 Feb 2019  |  08:22:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Redemption of ASB Capital Perpetual Preference Shares

Commonwealth Bank of Australia announced that it intends to redeem Perpetual Preference Shares, at par plus any accrued dividends, on 15 May 2019. The redemption will reduce the group's 31 December 2018 Tier 1 capital ratio by approximately 11 basis points.

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