Powered by MOMENTUM MEDIA
subscribe to our newsletter

Major bank raises $1.7bn of capital

One of the big four banks has completed and upsized its capital notes, raising almost $1.7 billion of additional capital.

In a trading update to the ASX on Tuesday, ANZ announced that it had completed and upsized its offer of ANZ Capital Notes (ANZPG), raising $1.622 billion of additional Tier 1 Capital.

ANZ elaborated that 16.22 million of its Capital Notes 4 were issued at $100 each, and this included approximately $900 million of CPS2 (Convertible Preference Shares), which have been reinvested in the notes.

“The notes are expected to commence trading on ASX on a deferred settlement basis tomorrow at approximately 12pm (AET) under the ASX code of ‘ANZPG’,” the bank said.

The bank added: “Trading is expected to commence on a normal settlement basis on 5 October 2016.”

Advertisement
Advertisement

PROMOTED CONTENT


ANZ also explained that the distribution rate for the first distribution period from (and including) the issue date of 27 September 2016 to (but excluding) the first distribution payment date is 4.5115 per cent, with the first distribution payment date expected to be 20 December 2016.

[Related: MyState issues $10m of subordinated notes]

Major bank raises $1.7bn of capital
mortgagebusiness

Latest News

The managing director of AMP Bank, Rod Finch, is set to join BOQ in April as its first director of transformation, as the bank continues to...

Dwelling unit commencements have continued to fall but the bright spot has been new private sector houses, figures have shown. ...

Over 75,000 households have applied for a HomeBuilder grant, with the majority of applications relating to the construction of a new home, a...

FROM THE WEB

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW
podcast

LATEST PODCAST: A new record in mortgage approvals

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.