March 9, 2018 / 6:55 AM / 3 months ago

Australia's Commonwealth Bank allocates $974 mln under debt issue

March 9 (Reuters) - Commonwealth Bank of Australia said on Friday that it had completed the bookbuild for its offer of PERLS X Capital notes, and had allocated about A$1.25 billion ($974.3 million) under the offer, compared with its initial expectation of raising A$750 million.

The bank added that the margin for the notes was set at 3.40 percent per annum. ($1 = 1.2830 Australian dollars) (Reporting by Ambar Warrick in Bengaluru Editing by Stephen Coates)

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