New Issue: ANZ Capital Notes 4

On the 16th of August 2016 Australian and New Zealand Banking Corporation (ANZ) announced a new transaction, ANZ Capital Notes 4 (Prospective ASX Code: ANZPG).

The purpose of this transaction is to provide Regulatory Capital for the group but more specifically it will be treated as additional Tier 1 capital for regulatory purposes. The indicative size of the offer is $1 billion but ANZ retain the ability to change the issue size.

ANZ is offering existing holders of ANZ Convertible Preference Shares 2 (ASX Code: ANZPA) the opportunity to reinvest their capital into this new security through the reinvestment offer but it is also open to new investors. 

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