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Commonwealth Bank of Australia completes bookbuild process for note offer

Commonwealth Bank of Australia completed the bookbuild process for its A$750 million capital notes offer and set the margin at 3.40% per year.

The bank said margin was set at the lower end of the indicative margin range of 3.40% to 3.60%. Further, the bank said it allocated A$1.25 billion of PERLS X capital notes on a firm basis under the broker firm offer.