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CBA shares dip after capital raising

Shares in the Commonwealth Bank were down 1.5 per cent in early trade following the launch of its $5 billion capital raising.

Customers using a Commonwealth Bank ATM

Commonwealth Bank shares have dipped following the launch of its $5 billion capital raising. (AAP)

Commonwealth Bank shares have dipped after resuming trading following the lender's $5 billion capital raising.

CBA shares were down $1.25 to $80.42, or 1.5 per cent, as of 1015 AEST on Monday in their first trading session since the capital raising was announced last Wednesday.

The share price slide pales in comparison to the 7.5 per cent dive in ANZ shares earlier in August after it announced a $3 billion raising.

CBA has received $2.1 billion from institutional shareholders since the announcement and will now look to raise the remainder from retail shareholders through a renounceable entitlement offer.

The bank announced the raising alongside a record $9.15 billion full year cash profit.


1 min read

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Source: AAP


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