ANZ launches $750m capital notes raising

Australia and New Zealand Banking Group Ltd has launched a $750 million raising through a capital notes issue, ahead of a rival debt issue by Westpac Banking Corporation Ltd set for Monday.

Australia and New Zealand Banking Group Ltd has launched a $750 million raising through a capital notes issue, ahead of a rival debt issue by Westpac Banking Corporation Ltd set for Monday. 

ANZ said the tier one capital raising was part of its ongoing capital management strategy, with the proceeds slated for "general corporate purposes".

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