ANZ Raises €750m in Subordinated Notes to Bolster Regulatory Capital

An announcement from ANZ Group Holdings ( (AU:ANZ) ) is now available.

Australia and New Zealand Banking Group has issued €750 million of subordinated notes due 2038 under its Euro Medium Term Note Programme, structured to convert into ANZ Group Holdings ordinary shares if regulators determine the bank would otherwise become non‑viable. The bank said the issue will not have a material impact on the financial position of either entity, but the securities qualify as regulatory capital and could increase ANZ Group’s shareholders’ equity upon conversion, reinforcing its capital management and regulatory compliance framework.

The notes carry a maximum conversion number of 22,401.4337 ANZ Group shares per €100,000 note, based on a reference volume‑weighted average price, which caps potential dilution for existing shareholders in a stress event. ANZ also reiterated its ongoing disclosure obligations under Australian corporate and listing rules, outlining the availability of key financial and governance documents to investors, which supports transparency around this new capital instrument for wholesale market participants.

More about ANZ Group Holdings

ANZ Group Holdings is the listed parent of Australia and New Zealand Banking Group, one of the major banking and financial services institutions in Australia and New Zealand. The group focuses on retail, commercial and institutional banking, operating in domestic and international capital markets and regularly issuing wholesale debt to support its regulatory capital and funding needs.

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