Not sure why you lot are getting your knickers twisted, subordinated debt only impacts the companies' Total Capital ratio. I'm not a holder of CBA so I can't comment on exact details but it's likely that these notes are replacing notes that are running off (the same way these notes will run off in 2030).
If CBA were in trouble (which they aren't due to having the strongest capital position of all Australian banks) then they would be raising CET1 capital through equity raisings.
This announcement is such a non-issue. I wish investors would have a better understanding of companies they invest in.
Edit note: Disclosure should say Sentiment: None and Disclosure: Not held
Ann: Issue of AUD 1.4 Billion Worth of Subordinated Notes, page-10
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$134.77 |
Change
2.030(1.53%) |
Mkt cap ! $225.5B | |||
| Open | High | Low | Value | Volume |
| $133.82 | $135.08 | $133.13 | $125.7M | 934.9K |
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| No. | Vol. | Price($) |
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| 1 | 159 | $134.73 |
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| Price($) | Vol. | No. |
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