The ANZ Group has announced that it will redeem all outstanding ANZ Capital Notes 5 issued by ANZBGL on 28 September 2017 (ASX: AN3PH) for their face value of $100 each on 20 March 2025.
The last day of trading of the CN5 on the ASX will be 5 March 2025.
CN5 Holders on the Register on 7 March 2025 will be entitled to the Face Value of $100 per CN5 and, subject to the conditions set out in the CN5 Terms, will also receive a final Distribution of $1.5645 per CN5.
ANZ Capital Notes 5 were issued per the CN5 prospectus dated 24 August 2017.
Following a consultation period the Australian Prudential Regulation Authority has confirmed that it is phasing out the use of Additional Tier 1 (AT1) capital instruments, such as Capital Notes, to simplify and improve the effectiveness of bank capital in a crisis.
