ANZ to redeem $1.51B in Subordinated Notes

Company News

by Jessica Amir

Australia and New Zealand Banking Group (ASX:ANZ) has announced it will redeem all of its $1.51 billion in Subordinated Notes on 20 June 2017.

Each holder of an ANZ Subordinated note will receive a face value of $100 per ANZ Subordinated Note, plus any accrued and paid interest on the note.

The last day of ASX trading of the ANZ Subordinated Notes will be 7 June 2017.

ANZ says investors do not need to action the notice, but they can sell their notes at any time before 7 June 2017.

Shares in ANZ (ASX:ANZ) last traded 0.82% higher at $31.80

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.