Commonwealth Bank of Australia conducts tender offers for subordinated notes

Commonwealth Bank of Australia conducted a cash tender offer to purchase any and all outstanding €1.25 billion 2% subordinated notes due April 22, 2027, under its $70 billion euro medium-term note program.

As part of the tender offer, €659.7 million aggregate principal amount of the notes were validly tendered and accepted for purchase by the lender, leaving €590.3 million notes outstanding, according to a March 10 release.

The bank also conducted a cash tender offer for its outstanding $1.25 billion subordinated notes due 2025.

The tender offers expired at 5 p.m. ET March 8, with the settlement date expected to be March 11.