ANZ considers an offer of subordinated notes

ANZ Bank New Zealand Limited (ANZ) is considering making an offer of up to NZ$250 million (with the ability to accept unlimited oversubscriptions at ANZ's discretion) of unsecured subordinated notes (Notes) to New Zealand retail and institutional investors and certain overseas institutional investors. The Notes are expected to constitute Tier 2 Capital for ANZ's regulatory capital requirements. The Notes are expected to have a 10 year maturity date, but may be redeemed early, if certain conditions are met, from 5 years, or earlier for tax or regulatory reasons. The Notes are expected to have a credit rating of A- from S&P Global Ratings. It is expected that full details of the offer will be released by early August. ANZ has been appointed as the Arranger and ANZ, Craigs Investment Partners Limited, Forsyth Barr Limited, Hobson Wealth Partners Limited and Jarden Securities Limited have been appointed as Joint Lead Managers in relation to the proposed offer. Investors can register their interest in the offer by contacting a Joint Lead Manager or their usual financial adviser. Indications of interest will not be an obligation or commitment to buy the Notes. No money is currently being sought and applications for the Notes cannot currently be made. If ANZ offers the Notes, the offer will be made in accordance with the Financial Markets Conduct Act 2013. The Notes are expected to be quoted on the NZX Debt Market. Penny Dell Treasurer Phone: +644 439 2474 Email: nztreasurer@anz.com End CA:00376056 For:ANB Type:OFFER Time:2021-07-22 09:38:06