ANZ replacement for CPS3 likely

27 July 2017

 

ANZ has announced it is considering an on-market buy-back for its outstanding CPS 3 securities (ASX code: ANZPC). ANZ said any such offer would be in conjunction with an issue of a new series of hybrid which would include a re-investment offer for CPS 3 holders. ANZ has done this before. As part of the issue of ANZ Capital Notes 2 (ASX code: ANZPE) in February 2014, ANZ offered holders...

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