ANZ raises A$1bn in subordinated notes to bolster regulatory capital

ANZ Group Holdings ( (AU:ANZ) ) has shared an announcement.

Australia and New Zealand Banking Group Limited will issue A$1 billion of subordinated notes, split between A$725 million floating rate and A$275 million fixed-to-floating rate tranches maturing in February 2037, under its Australian dollar debt issuance programme. These notes are structured to convert into fully paid ordinary shares of ANZ Group Holdings if the prudential regulator deems the bank non-viable, forming part of the group’s regulatory capital framework.

The bank said the issuance will not have a material impact on the financial position of either the operating bank or the listed holding company, though any conversion following a non-viability trigger would increase ANZ Group Holdings’ shareholders’ equity. ANZ is providing detailed terms through its information memorandum and continuous disclosure regime, underscoring ongoing compliance with Australian corporate and listing requirements while targeting wholesale investors rather than retail clients.

The most recent analyst rating on (AU:ANZ) stock is a Buy with a A$40.30 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.

More about ANZ Group Holdings

ANZ Group Holdings is a major Australasian banking and financial services group, operating primarily through Australia and New Zealand Banking Group Limited. The group offers retail, commercial and institutional banking, with a focus on deposits, lending, capital markets and related financial products across Australia, New Zealand and selected international markets.

YTD Price Performance: 10.26%

Average Trading Volume: 4,442,966

Technical Sentiment Signal: Buy

Current Market Cap: A$118.1B

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