ANZBGL Issues $1.25 Billion in Subordinated Notes

ANZ Group Holdings ( (AU:ANZ) ) has provided an update.

ANZBGL announced the issuance of US$1.25 billion in fixed rate subordinated notes due in 2036 under its Medium-Term Notes Program. These notes can be converted into ordinary shares of ANZGHL if deemed necessary by the Australian Prudential Regulation Authority to prevent non-viability. The issuance is not expected to materially impact the financial position of ANZBGL or ANZGHL, but conversion could increase ANZGHL’s shareholders’ equity. The announcement underscores ANZGHL’s commitment to regulatory compliance and transparency in its financial operations.

The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$27.00 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

Australia and New Zealand Banking Group Limited (ANZBGL) operates in the financial services industry, providing banking and financial products and services primarily in Australia and New Zealand. ANZ Group Holdings Limited (ANZGHL) is part of this group and is subject to regulatory and disclosure obligations under the Corporations Act and ASX Listing Rules.

Average Trading Volume: 6,116,764

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$87.82B

For a thorough assessment of ANZ stock, go to TipRanks’ Stock Analysis page.