ANZ Banking Group
(ASX:ANZ) has outlined its intention to issue capital notes to raise about $750 million.
The bank says it will open the offer of ANZ Capital Notes 3 on February 5 as part of its ongoing capital management strategy.
ANZ has the ability to increase or decrease the size of the offer and will put the proceeds to general corporate purposes.
The offer is open to Australian investors and has an expected margin of between 3.6 per cent and 3.8 per cent per annum above the bank bill swap rate.
ANZ Banking Group reported a net profit of $7.28 billion in the 2014 financial year.
