ANZ Group Holdings (AU:ANZ) has released an update.
Australia and New Zealand Banking Group Limited (ANZBGL) has announced the issuance of US$1,250,000,000 in fixed-rate subordinated notes due in September 2035, as part of its US$25 billion Medium-Term Notes Program. These notes can be converted into ordinary shares of ANZ Group Holdings Limited if deemed necessary for viability by the Australian Prudential Regulation Authority. The transaction is not expected to materially impact the financial position of ANZBGL or ANZGHL, and all necessary financial reporting and disclosure obligations will continue to be fulfilled.
For further insights into AU:ANZ stock, check out TipRanks’ Stock Analysis page.
