Street Talk

How CBA PERLS IX margin rates against peers

Edited by Sarah Thompson, Anthony Macdonald and Joyce Moullakis

Updated Feb 21, 2017 – 9.06am, first published at 8.32am

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Commonwealth Bank of Australia's ninth hybrid issue may be more risky than old-style issues, but Morningstar analysts are recommending clients jump into the offer.

"We assign CBAPF a medium investment risk rating, the same as other major bank AT1 hybrids in our coverage list," Morningstar told clients on Tuesday morning.

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.

Joyce Moullakis writes on banking and finance, specialising in investment banking, private equity, and financial services.