Australia and New Zealand Banking Group (ANZ) has raised $1.12 billion in a capital notes offer after twice increasing the size of the deal from $750 million.
ANZ priced the tier one offer, which was open to institutional and retail shareholders, at 340 basis points above the bank bill rate swap.
It issued 11.2 million notes at $100 apiece and said it had to scale back the institutional component of its offer but accepted all retail offers.
It comes after the bank last month increased the offer to $1 billion, a week after launching it at $750 million.
ANZ said the raising was part of its ongoing capital management strategy, with the proceeds slated for "general corporate purposes".
Trading of the notes will start tomorrow at about midday.