Commonwealth Bank of Australia announces final results of tender offer for certain of its outstanding notes guaranteed by the Commonwealth of Australia
NEW YORK and SYDNEY, April 15, 2014 /PRNewswire/ -- Commonwealth Bank of Australia ("CBA") announced today the final results for its previously announced cash tender offer for any and all of the outstanding Notes (the "Notes") listed in the table below. The tender offer was made pursuant to an offer to purchase dated April 7, 2014 and related letter of transmittal.
The settlement date for the tender offer will be tomorrow, April 16, 2014.
The table below identifies the principal amount and percentage of each series of outstanding Notes tendered and accepted for purchase by CBA.
| Title of Security(1) |
CUSIP |
ISIN |
Principal Amount Outstanding |
Principal Amount Tendered and Accepted |
Percentage of Principal Amount Outstanding Tendered and Accepted |
| Floating Rate Notes due June 25, 2014 Guaranteed by the Commonwealth of Australia (the "Series 2009-B75 Notes") |
144A: |
144A: |
US$1,800,000,000 |
US$1,032,773,000 |
57.38% |
| 3.625% Fixed Rate Notes due June 25, 2014 Guaranteed by the Commonwealth of Australia (the "Series 2009-B76 Notes") |
144A: |
144A: US20272BAF13 |
US$1,200,000,000 |
US$549,186,000 |
45.77% |
| 2.900% Fixed Rate Notes due September 17, 2014 Guaranteed by the Commonwealth of Australia (the "Series 2009-B88 Notes") |
144A: |
144A: US20272BAK08 |
US$1,500,000,000 |
US$810,729,000 |
54.05% |
| Floating Rate Notes due September 17, 2014 Guaranteed by the Commonwealth of Australia (the "Series 2009-B89 Notes") |
144A: |
144A: |
US$1,250,000,000 |
US$829,775,000 |
66.38% |
| 2.700% Fixed Rate Notes due November 25, 2014 Guaranteed by the Commonwealth of Australia (the "Series 2009-B102 Notes") |
144A: |
144A: |
US$1,250,000,000 |
US$334,174,000 |
26.73% |
(1) The Notes are guaranteed by the Commonwealth of Australia (the "Commonwealth") under the Deed of Guarantee, dated November 20, 2008, executed on behalf of the Commonwealth.
Citigroup Global Markets Inc., Commonwealth Bank of Australia and J.P. Morgan Securities LLC served as dealer managers for the tender offer, and D.F. King & Co., Inc. is serving as the tender agent and information agent for the tender offer. Commonwealth Bank of Australia acted as a dealer manager only in respect of Notes held by holders outside the United States.
Neither the offer to purchase nor the related letter of transmittal has been lodged with the Australian Securities and Investments Commission and the tender offer is only available to persons in Australia to whom an offer or invitation can be made without disclosure under Parts 6D.2 or 7.9 of the Corporations Act 2001 of Australia.
This media release is not an offer to purchase or a solicitation of an offer to sell any securities. The tender offer was made only pursuant to the terms of the offer to purchase and the related letter of transmittal.
SOURCE Commonwealth Bank of Australia
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