A couple of weeks ago ANZ flagged it was considering a buy-back of its CPS 3 hybrid securities listed on the ASX, in conjunction with an offer of a new ASX-listed capital note, subject to regulatory approval from APRA. ANZ has since received approval and it has announced both the buy-back and the new issue. ANZ intends to issue $1 billion worth of Capital Notes 5 (ASX code: ANZPH), with...