CBA PERLS IX margin set, 5.7% annualised

28 February 2017

 

Commonwealth Bank has announced the margin on its latest CBA PERLS IX (ASX code: CBAPF) offering and, as expected, it was at the bottom of the 3.90%-4.10% indicative range. When this margin is added to the current 3 month bank bill swap rate (BBSW) of 1.78%, investors can expect around 5.68% annualised, inclusive of franking credits, for the first quarter and thereafter if BBSW rates do not alter materially. BBSW...

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