ANZ in $750m notes issue

Bank will pay interest every 3 months, subordinated notes to have a denomination of $1,000.

Australia and New Zealand Banking Group (ANZ) will issue $750 million in subordinated notes, due in June 2024.

Interest will be paid every three months, at a margin of 1.93% per annum over the three-month bank bill swap rate.

The notes will have a denomination of $1,000 and will only be issued in blocks of $500,000.


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