PERLS V11 Capital Notes

Thanks for your good cover on PERLS.

I would like to ask as you have not covered if,

  • it is worthwhile to convert PERLS 5 to 7? And what if we do not?

 

A: Thanks for the question.


If you don’t convert the stock, then Commonwealth Bank will effectively redeem the PERLS V from you by paying you $100 per Note.


You are under no obligation to convert – however if you don’t, how are you going to invest your funds?



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