Commonwealth Bank shares will resume trading after the lender raised $2.1 billion from institutional investors, including superannuation funds.
The bank said 90 per cent of its eligible institutional investors took up the offer of buying new shares.
Australia’s biggest bank on Monday announced it had completed the institutional component of its $5 billion capital raising, meaning its shares will resume trading at the start of the local session.
The bank raised $2.1 billion from institutional shareholders and will now look to raise the remainder from retail shareholders through a renounceable entitlement offer.
– with AAP