Today, Australia and New Zealand Banking Group (ANZ) announced its intention to raise $1 billion through the offer of ANZ Capital Notes 7, with the ability to raise more or less.

ANZ Capital Notes 7 comprises a Reinvestment Offer for eligible CN2 Holders (ANZPE); a New Money Offer; and an Institutional Offer.  The Reinvestment Offer provides eligible CN2 holders with the opportunity to have some or all of their CN2 reinvested in ANZ Capital Notes 7.

Shaw and Partners is delighted to be appointed as Joint Lead Manager to the offer.

ANZ Capital Notes 7 has an Initial Face Value of A$100. Notes are expected to trade under ASX code ANZPJ with quarterly distributions expected to be franked at the same level as Ordinary Shares. ANZ is issuing the Notes to help meet capital requirements set by APRA and will use the proceeds to refinance CN2 and for general corporate purposes.

The Reinvestment Offer is open to Sophisticated or Professional Investors and Personal Advice Clients Only.

For a copy of the Prospectus or to find out more about the offer please contact your Shaw and Partners adviser.