VoiceOver users please use the tab key when navigating expanded menus

ANZ launches A$1 billion ANZ Capital Notes 2 Offer and CPS1 Reinvestment Offer

Open to Australian investors; Expected margin of between 3.25% and 3.40% p.a. above bank bill swap rate.

ANZ today announced that it intends to issue ANZ Capital Notes 2 to raise A$1 billion with the ability to increase or decrease the size of the offer.


The offer is expected to open on 19 February 2014 and forms part of ANZ’s ongoing capital management strategy. ANZ will use the proceeds of the offer to refinance the convertible preference shares it issued in September 2008 (CPS1) and for general corporate purposes.


ANZ Capital Notes 2 will constitute Basel III-compliant Additional Tier 1 Capital under the Australian Prudential Regulation Authority’s (APRA) current capital adequacy standards.


ANZ Securities, Goldman Sachs, J.P. Morgan, Morgans, Morgan Stanley, UBS and Westpac Institutional Bank have been appointed as Joint Lead Managers and Bell Potter, JBWere and Ord Minnett have been appointed as Co-Managers on the transaction.


See the table below for the key features of ANZ Capital Notes 2.


View PDF

Related Articles