CBA capital raising
- AUD5.1bn fully underwritten pro-rata accelerated renounceable entitlement offer including retail rights trading (PAITREO) described as market-leading transaction due to its size and complexity
- PAITREO structure allowed one of largest capital raisings of the year but also offered retail shareholders maximum flexibility by allowing them rights trading
- involved a bespoke “Small Parcel Sale Facility” that required complex legal solution