ANZ markets Australia's first offshore AT1 notes

June 7, 2016 4:55 AM

32 0

SYDNEY, June 7 (IFR) - Australia and New Zealand Banking Group, through its London branch, has announced guidance in the 7.25 percent area for the first Basel-III compliant Additional Tier 1 foreign currency note from an Australian bank.

The US dollar benchmark perpetual non-call 10 subordinated note is expected to price later today, according to joint lead managers ANZ, Citigroup, Deutsche Bank, Goldman Sachs and Morgan Stanley.

Also read: Switzerland’s Old-Money Problem: One Billion in Expiring Francs

Read more

To category page