Street Talk

Busy weekend for CBA has fundies on high alert

Edited by Sarah Thompson, Anthony Macdonald and Jake Mitchell

Updated Aug 10, 2015 – 5.15am, first published at 12.15am

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Five billion. A pro-rata accelerated institutional, tradeable retail entitlement offer structure. And at least a 10 per cent discount to the theoretical ex-rights price.

That's what fast money hedge funds and some of Commonwealth Bank of Australia's largest institutional investors expect when the bank hands down its full-year results on Wednesday.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.

Jake Mitchell is a former Fairfax Media journalist.