ANZ today announced that it intends to issue ANZ Capital Notes 3 to raise A$750 million with the ability to increase or decrease the size of the offer.
The offer is expected to open on 5 February 2015 and forms part of ANZ’s ongoing capital management strategy. ANZ will use the proceeds of the offer for general corporate purposes.
ANZ Capital Notes 3 will constitute Basel III-compliant Additional Tier 1 Capital under the Australian Prudential Regulation Authority’s (APRA) current capital adequacy standards.
ANZ Securities, Citi, Commonwealth Bank of Australia, Goldman Sachs, J.P. Morgan, Morgans, Morgan Stanley and UBS have been appointed as Joint Lead Managers, and Bell Potter, JBWere and Ord Minnett have been appointed as Co-Managers on the transaction.
See below for the key features of ANZ Capital Notes 3.
ANZ Capital Notes 3 Offer Structure
If there is excess demand for ANZ Capital Notes 3, priority will be given to ANZ Securityholder Applicants over Applicants under the General Offer in the allocation of ANZ Capital Notes 3.
The closing date for the ANZ Securityholder Offer and General Offer is scheduled to be at 5:00pm (AEDT) on Thursday 26 February 2015. The Broker Firm Offer is scheduled to close at 10:00am (AEDT) on Friday 4 March 2015.
Shareholder approval is not required for the issue of ANZ Capital Notes 3.
The ANZ Capital Notes 3 Prospectus, attached to this release, has been lodged with ASIC and is available within Australia at www.anz.com/capitalnotes3 or by calling the ANZ Information Line on 1800 113 399 (Australia) or +61 3 9415 4010 (international). A replacement Prospectus, containing the Margin and Application Forms, will be made available when the Offer opens.
Investors will need to consider the Prospectus in deciding whether to apply for ANZ Capital Notes 3. Applications may only be made using the Application Form attached to or accompanying the replacement Prospectus.
For investor enquiries about ANZ Capital Notes 3 please call the ANZ Information Line on 1800 113 399 (Australia) or +61 3 9415 4010 (international).