New ANZ hybrid offers 6.45%

16 August 2016

 

ANZ Converting Preference Shares Series 2 have a December 2016 mandatory conversion date. They were first issued in November 2009. Under the Basel 3 capital requirements it was anticipated that ANZ would have to replace the original hybrid security and markets had been expecting an announcement close to December. ANZ has ‘gone early’ and announced it intends to issue ANZ Capital Notes 4 (ASX code: ANZPG), seeking to raise at...

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