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 presents the Market Outlook and company news. She joined FNN in January 2017. She has been in broadcast journalism for over five years. She has worked as a journalist with Sky News Business, ABC 1 and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She is also a qualified financial planner and a Masters of Applied Finance student.