In this section
ANZ Bank New Zealand Limited ("ANZ")
ANZ Bank New Zealand Limited
|Issue type||Mandatory convertible, non-cumulative perpetual subordinated debt securities|
|Rank||Ranks equally with other note holders and subordinated debt holders and ahead of claims of ordinary shareholders, but below all other creditors of ANZ|
|Maturity||Perpetual. Optional Exchange Date 25 May 2020, Mandatory Conversion Date 25 May 2022|
|Early redemption||No provision - can be sold on secondary market|
|Coupon (%)||An indicative margin is between 3.50% to 3.60% p.a. over the interpolated 5yr and 6yr swap rate|
|Amount||$250 million (unlimited subscriptions at issuers discretion)|
|Opening date||6 March 2015|
|Closing date||27 March 2015|
|Lead manager(s)||ANZ, Deutsche Craigs, First NZ Capital, Forsyth Barr, Goldman Sachs, Macquarie|
|Information||Indicative Term Sheet|
ANZ new retail capital note bond issue. There is no public pool for this offer.
- Swap or NGZS plus a margin means the actual rate will be set at that margin over the relevant maturity swap rate or Government bond rate, usually a couple of days before the issue date. Click here for swap rates and here for Government bond rates.
- The amount on offer is usually allocated to brokers who then accept subscriptions up to their allocations. The lead manager(s) control the allocation of bonds. There can be a public pool which is not allocated and subscriptions under the public pool are made directly to the issuer or lead manager(s).
- Listing on NZDX unless stated otherwise.