ANZ launches ANZ Subordinated Notes Offer
ANZ today announced that it intends to issue ANZ Subordinated Notes to raise $500 million with the ability to increase or decrease the size of the offer.
ANZ Subordinated Notes Key Points
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ANZ Group Treasurer Rick Moscati said: “ANZ Subordinated Notes provide an opportunity for retail investors to benefit from a simpler, defensive investment opportunity which is usually only available to wholesale investors.
“With the volatility of equity markets since the global financial crisis many investors have been looking to diversify their investment portfolios.
“Debt securities can be an attractive investment alternative because they provide a regular, quarterly payment, a known time period and a return of capital. ANZ Subordinated Notes are one of the first opportunities retail investors have had in 2012 to access this type of investment.
“While APRA is yet to confirm the capital treatment of these notes ANZ expects that they will form part of our tier-two capital requirements,” Mr Moscati said.