find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Mallesons, Freehills, advise on $750m hybrid issue

Mallesons, Freehills, advise on $750m hybrid issue

King & Wood Mallesons and Freehills have acted on the issue of a new hybrid, PERLS VI, by Commonwealth Bank of Australia which is expected to raise approximately A$750 million.

King & Wood Mallesons and Freehills have acted on the issue of a new hybrid, PERLS VI, by Commonwealth Bank of Australia which is expected to raise approximately A$750 million.

Freehills advised Commonwealth Bank on its issue of PERLS VI and concurrent PERLS IV Reinvestment offer, announced today.

The Freehills team was led by partner Philippa Stone and included partners Fiona Gardiner-Hill and Patrick Lowden, Executive Counsel Lauren Magraith, Senior Associates Phillip Hart, John Natal, Lisa Cuman and Lucy Hall and lawyers Tom Cooper, Zain Kazi and Charlotte Cameron.

Freehills worked closely with CBA’s team, including Group Treasurer Lyn Cobley, Head of Capital and Regulatory Strategy Tricia Ho-Hudson and Senior Legal Counsel Mark Alexander.

The King & Wood Mallesons team, led by partners Shannon Finch and Mark McFarlane, acted for the arrangers, Commonwealth Bank of Australia’s Capital Markets Division, and Morgan Stanley Australia Securities Limited, on regulatory and structuring matters.

The firm also acted for the joint lead managers ANZ Securities Limited, Commonwealth Bank of Australia capital markets division, Goldman Sachs Australia Pty Ltd, Macquarie Capital (Australia), Morgan Stanley Australia Securities, RBS Equity Capital Markets and Westpac Banking Corporation, on offer management arrangements.

They were assisted by senior associates Pola Collins, Paul Mayson and solicitor Nilofar Ali.

CBA’s offer included a reinvestment offer that enables eligible PERLS IV holders to invest in PERLS VI by selling some or all of their PERLS IV though an on-market buy-back facility and automatically reinvesting the proceeds in PERLS VI. 

King & Wood Mallesons also acted for Morgan Stanley in its role as the on-market buying broker in connection with the reinvestment offer and as resale broker in connection with the proposed resale of the remaining PERLS IV on 31 October 2012.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Mallesons, Freehills, advise on $750m hybrid issue
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
Applauds
Aug 21 2017
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
Mentoring
Aug 21 2017
Top-tier offers targeted mentoring for Indigenous law students
Students at Macquarie University will be the first to benefit from a new Indigenous mentoring progra...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...