ANZ Group Holdings (AU:ANZ) has released an update.
ANZ Group Holdings Limited (ANZGHL) has announced the issuance of A$1.9 billion in fixed to floating rate subordinated notes due in 2039, convertible into ANZGHL ordinary shares under certain conditions. The new financial instruments are part of the bank’s Australian dollar debt issuance program, designed to potentially bolster the bank’s equity if needed. This strategic move is not expected to materially impact the financial positions of ANZBGL or ANZGHL, ensuring shares remain freely tradeable without further disclosure.
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