ANZ New Zealand mulling retail bond issue
ANZ National Bank (also known as ANZ New Zealand) has confirmed it is considering a new retail bond offer of unsecured, unsubordinated bonds. ANZ New Zealand notified bondholders on 2 February that it would repay early an issue of its subordinated bonds at the call date, 2 March 2012.
A potential public issue of New Bonds will allow existing investors to use the proceeds from the repayment of their existing bonds the opportunity to participate in ANZ New Zealand new bonds. Other members of the public would be able to participate, too.
ANZ New Zealand also pointed out that it is “seeking preliminary indications of interest” in the new bonds. A final decision on any offer will be made in mid February 2012.
- Categories
- Capital Markets, New Zealand
- Tags:
- ANZ National Bank, ANZ New Zealand, retail bonds
- Author:
- AB+F Online, bkellerman@financialpublications.com.au
- Article Posted:
- February 03, 2012
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