Commonwealth Bank Of Australia · ASX:CBA
Commonwealth Bank Of Australia — Debt Investor Presentation (June 2007)
12 slides from Commonwealth Bank Of Australia's debt investor presentation, Jun 5, 2007
Slide 1: PERLS IV Offer
NOT FOR DISTRIBUTION IN THE UNITED STATES PERLS IV Offer Tuesday 5 June 2007 ConmonwealthBank
Slide 2: Disclaimer
NOT FOR DISTRIBUTION IN THE UNITED STATES Disclaimer This confidential presentation has been prepared in June 2007 by Commonwealth Bank of Australia (Bank) in relation to a proposed offering of Perpetual Exchangeabie Resaleable Listed Securities (PERLS IV). The Offer will be accompanied by a Prospec
Slide 3: PERLS IV Offer
NOT FOR DISTRIBUTION IN THE UNITED STATES PERLS IV Offer » The offer is to raise $850m with the ability to raise more or less. = PERLS IV will qualify as Non-Innovative Residual Tier 1 Capital. ConmonwealthBank
Slide 4: PERLS IV Issue Structure
NOT FOR DISTRIBUTION IN THE UNITED STATES PERLS IV Issue Structure Perpetual Exchangeable Resaleable Listed Securities (“PERLS IV’) are stapled securities comprising: an unsecured subordinated Note (issued by the Bank’s New York branch); and a Preference Share (issued by the Bank). Investors | Prefe
Slide 5: PERLS IV - Key Terms of Issue
NOT FOR DISTRIBUTION IN THE UNITED STATES PERLS IV - Key Terms of Issue Securities » PERLS IV are stapled securities comprising: an unsecured subordinated Note issued by the Bank’s New York branch; and a Preference Share issued by the Bank. Issuer a Commonwealth Bank of Australia (“Bank”). Offer siz
Slide 6: PERLS IV - Key Terms of Issue (cont'd)
PERLS IV - Initial Mandatory Conversion Date NOT FOR DISTRIBUTION IN THE UNITED STATES Key Terms of Issue (cont'd) ey October 2012. Resale Mandatory Conversion or Repurchase Conversion Number Mandatory Conversion Conditions The Bank may arrange a Resale by requiring all Holders to sell their PERLS I
Slide 7: PERLS IV - Key Terms of Issue (cont'd)
NOT FOR DISTRIBUTION IN THE UNITED STATES PERLS IV - Key Terms of Issue (cont'd) Exchange = Upon t the occurrence of a Regulatory Event, Tax Event or NOHC Event, the Bank r may, subject to APRA's prior approval, elect to Exchange all PERLS IV by either: Converting all or some PERLS IV into Bank Ordi
Slide 8: Comparison to PERLS II & PERLS III
Legal form Issuer Security credit rating “o CMIL « At (S&P) « Aa3 (Moody's) Unit in a trust Margin Nature of distribution 0.95% Franked floating rate © PCL » At (S&P) » Aa3 (Moody's) NOT FOR DISTRIBUTION IN THE UNITED STATES Comparison to PERLS II & PERLS III Preference share 1.05% *» Franked floati
Slide 9: Pricing Benchmarks
NOT FOR DISTRIBUTION IN THE UNITED STATES Pricing Benchmarks Trading Margin (bps above Bank Bills) The PERLS IV Margin has been set with consideration given to trading margins of comparable securities as well as the term and structure of PERLS IV 110 5 4 PERLS IV (A+), 105 S 3 L @ PERLS II (A+), 100
Slide 10: Syndicate Structure
NOT FOR DISTRIBUTION IN THE UNITED STATES Syndicate Structure Structuring Advisers crtl Joint Lead Managers and Joint Bookrunners CyE] CommSec CREDITSUISSE™ Deutsche Bank | JBWere Co-Managers ABN-AMRO Morgans ANZ Securities Limited Bell Potter citigroup! wealth ad A division cf Nate) Austraba Bae Sn
Slide 11: Bookbuild Details
NOT FOR DISTRIBUTION IN THE UNITED STATES Bookbuild Details The Margin used to calculate the Distribution Rate will be determined by the Bank prior to the volume Bookbuild The Margin will be 1.05% The Bookbuild will be solely a volume Bookbuild to determine the size of the Offer Cornerstone institut
Slide 12: Key Dates
Key Dates NOT FOR DISTRIBUTION IN THE UNITED STATES Key dates for the PERLS IV offer Lodgement of Prospectus with ASIC and Margin announced Bookbuild Opening Date Closing date Commencement of conditional and deferred settlement trading Allotment Date Commencement of trading on unconditional and defe
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