Australia and New Zealand Banking Group Limited (ANZBGL) (ASX: AN3) today announced it is considering the launch of a new ANZ Capital Notes offer in February 2024, which may include a limited reinvestment offer for certain holders of ANZ Capital Notes 4 (CN4) (ASX: AN3PG).
ANZBGL has appointed ANZ Securities, Bell Potter, CBA, E&P Corporate Advisory, Morgan Stanley, Morgans, National Australia Bank, Ord Minnett, Shaw and Partners, UBS AG, Australia Branch and Westpac Institutional Bank (a division of Westpac Banking Corporation) as Joint Lead Managers and LGT Crestone Wealth Management as Co-Manager (together the Syndicate Brokers) to help consider the offer.
Launch of the offer remains subject to the receipt of various regulatory and Board approvals and prevailing economic conditions and there is no guarantee it will proceed.
Restrictions on distribution
In response to the implementation of the Design and Distribution Obligations legislation in October 2021, any ANZ Capital Notes offer (including any reinvestment offer) will be limited to wholesale investors and investors receiving personal advice, who apply through a Syndicate Broker.
ANZ Capital Notes offers will not include a securityholder offer which would enable existing ANZ securityholders to apply directly for the notes.
