Commonwealth Bank: Completes $6b share buyback

Commonwealth Bank Completes $6b share buyback

• Commonwealth Bank (CBA) says it wrapped up its $6 billion of market share buy-back, reporting strong demand for its offer
• The big four bank acquired back 67.7 million CBA Shares – or roughly 3.8 per cent of the issued share capital in CommonwealthBank
• The price of the CBA buy-back shares is $88.62, representing a discount of 14 per cent, with the bank set to cancel all of the shares it bought
• The ASX-20 lister says it had to scale back applications after strong demand, with shareholders to receive their payments from October 8
• CBA shares are up 4.13 per cent at $104.21 during afternoon trade on Monday