ANZ New Zealand moves towards retail bond issue
ANZ National, the New Zealand business of the ANZ Banking Group, is calling for preliminary indications of interest in a proposed public issue of unsecured, unsubordinated bonds.The bank said in a statement this morning that expected the new bonds to have a term to maturity of 7 years.
This follows on from an earlier announcement, whereby ANZ New Zealand notified bondholders on 2 February that it would repay early an issue of its subordinated bonds on 2 March 2012. The bank said at the time that this was to allow existing investors - with proceeds from the repayment of the existing bonds - and other members of the public the opportunity to participate in the new bond issue.
An announcement of the minimum rate and margin will be made on or around the opening of the offer, expected to be in late February.
- Categories
- Capital Markets, New Zealand
- Tags:
- ANZ National, ANZ New Zealand
- Author:
- AB+F Online, bkellerman@financialpublications.com.au
- Article Posted:
- February 21, 2012
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