(18 August 2015 – Australia) The Commonwealth Bank of Australia (CBA) has managed to raise A$2.1 billion from institutional investors.
Australia’s largest bank released a statement on 17 August that it had completed the institutional component of its A$5 billion capital raising.
During this round of capital raising, CBA’s shares were on hold and resumed trading at the start of the local session on 17 August.
The bank raised A$2.1 billion from institutional shareholders and will now look to raise the remainder from retail shareholders through a renounceable entitlement offer.