The deal, slated to launch as early as this week, will replace ANZ Capital Notes 3, which were sold at a 3.6 per cent margin in February 2015 and raised the bank $850 million.Natalie Boog
ANZ’s brokers have started preparing their networks to bid. The bank itself flagged the upcoming issue at the end of last week, saying it had appointed nine joint lead managers and a pair of co-managers get retail punters ready. The big banks are the busiest ASX-listed hybrid issuers, and tend to base their new deals around maturities of existing notes. True to form, ANZ’s upcoming notes will include a reinvestment offer for owners of the old ANZPFs.&
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