CBA does not need to issue these notes. They have $6b in the kitty. In my opinion i don't see the sense in a buy back .
If they paid it out as a div we would benefit more with a $6 grossed up div./share approx. . Those that don't want to sell shares will see very little gain in the share price if any at all, since the markets are at an all time high and are valued at a 10 yr bond yield of 1.155%Australia Government Bonds.
Generally one buys back shares when the shares are undervalued when interest rates are at normal levels.
I would have rather had the Div and hold my shares.
Just my thoughts
News: CBA CBA Announces Issue Of AUD 135 Million Worth Of Subordinated Notes, page-2
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Last
$173.30 |
Change
0.880(0.51%) |
Mkt cap ! $290.0B | |||
| Open | High | Low | Value | Volume |
| $172.59 | $173.85 | $170.67 | $375.7M | 2.172M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 503 | $173.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $173.40 | 430 | 2 |
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| Last trade - 16.18pm 23/07/2025 (20 minute delay) ? |
| CBA (ASX) Chart |