Company News Summary | 06 Feb 2019
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Commonwealth Bank of Australia Announces Redemption of Perpetual Preference Shares
08:22:00 | Associate analysts
Original annuncemenet: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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