CommBank PERLS X Capital Notes Offer

What is your opinion of CommBank PERLS X Capital notes offer. I have not been sent a prospectus yet only a printed form, closing date 29/3/2018, not much time left?

 

 

A: Thanks for the question.

While I like the terms of the issue, I don’t think the margin of 3.4% is enough. It is still a little tight.

You could do better buying on the secondary market – for example, WBCPH (Westpac’s last series of Capital Notes), which today are trading on the ASX around $96.80

regards


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