Bond Factsheet
ANZ 5.906% 12Aug2032 Corp (AUD)
Australia and New Zealand Banking Group Limited
Indicative
Full Lot
Bid Price 100.071
Change in Bid Price 0.050
Bid Yield (%) 5.808 %
Change in Bid Yield 0.062
Ask Price 100.108
Change in Ask Price 0.046
Ask Yield (%) 5.763 %
Change in Ask Yield 0.057
Indicative price as of 02 Oct 2026, 4:33pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Australia and New Zealand Banking Group Limited
Guarantor
-
Announcement Date
03 Aug 2022
Issue Date
12 Aug 2022
Maturity Date
12 Aug 2032
Years to Maturity / Next Call
5.856 / 0.851
Modified Duration
4.786 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
5.906
Coupon Type
Variable
Annual Coupon Rate
5.906
Coupon Frequency
Semi Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
Reset Date: 12 Aug 2027 and every quarter thereafter
Reset Rate: 3 month ASX Aus Bank Bill Short Term Rate + Margin (2.700%)
ISIN
AU3CB0291466
CUSIP
BY2422099
Bond Currency
AUD
Total Issue Size
1,450,000,000
Min. Investment Quantity (Nominal)
AUD 1,000
Incremental Quantity (Nominal)
AUD 1,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/ AA-
Bond Credit Rating (S&P/ Fitch)
***/ A-
Shariah Compliant
No
Exchange Listed
No
Loss Absorption
Conversion or Write-Off of Subordinated Notes on Non-Viability Trigger Event
Non-Viability Trigger Event
A “Non-Viability Trigger Event” means the earlier of:
(i) the issuance to the Issuer of a written determination from APRA that conversion or write-off of Relevant Securities is necessary because, without it, APRA considers that the Issuer would become non-viable; or
(ii) a determination by APRA, notified to the Issuer in writing, that without a public sector injection of capital, or equivalent support, the Issuer would become non-viable, each such determination being a “Non-Viability Determination”.
Conversion of Subordinated Notes on Trigger Event Date
Unless "Write-Off – Applicable" is specified in the relevant Pricing Supplement, Condition 5B shall apply to the Subordinated Notes and, notwithstanding any other provision in these Conditions, on the Trigger Event Date the relevant Principal Amount (as determined under Condition 5A.3) of the Subordinated Notes will Convert immediately and irrevocably.
On and from the Trigger Event Date, subject to Conditions 5B.5 and 5B.6(iii)(c), the Issuer shall treat any Subordinated Noteholder of any Subordinated Note or portion thereof which is required to be Converted as the holder of the relevant number of Ordinary Shares and will take all such steps, including updating any register, required to record the Conversion and the issuance of such Ordinary Shares.
Issuer Call
If a Call Option is included in the Pricing Supplement and subject to Condition 5.8 in the case of any Subordinated Note, the Issuer may, on giving not less than five or more than 30 days’ irrevocable notice (subject to such other notice period as may be specified in the Pricing Supplement under “Option Exercise Date”) to the Registered Holders redeem or exercise any Issuer’s option (as may be described in the Pricing Supplement) in relation to all or, if so provided, some of the Securities on any Optional Redemption Date (which, in the case of a Subordinated Note, may not be before the fifth anniversary of the Issue Date of that Subordinated Note). Any such redemption of Securities shall be at their Optional Redemption Amount together with interest accrued to the date fixed for redemption. Any such redemption or exercise of the Issuer's option shall just relate to Securities of a Principal Amount at least equal to the Minimum Redemption Amount to be redeemed specified in the Pricing Supplement and no greater than the Maximum Redemption Amount to be redeemed specified in the Pricing Supplement.
Optional Redemption Date(s): 12 August 2027 and every Interest Payment Date thereafter up to (but excluding) the Maturity Date, in each case subject to adjustment in accordance with the Business Day Convention
The Optional Redemption Date must not be earlier than 5 years from the Issue Date.
Additional Note
If specified in the relevant Pricing Supplement, if a Regulatory Event occurs, the Issuer may at its option, at any time (if the Subordinated Note is not a Floating Rate Security) or on any Interest Payment Date (in the case of a Subordinated Note that is a Floating Rate Security) and subject to Condition 5.8 on giving not more than 60 nor less than 30 days’ notice to the Subordinated Noteholders of the relevant Series (which notice shall be irrevocable) redeem all, but not some only, of the Subordinated Notes of the relevant Series at their Early Redemption Amount together with interest accrued to the date fixed for redemption.
For the purposes of this Condition, “Regulatory Event” means the receipt by the directors of the Issuer of:
(i) an opinion from a reputable legal counsel that as a result of any amendment to, clarification of or change (including any announcement of a change that has been or will be introduced) in, any law or regulation of Australia, or any official administrative pronouncement or action or judicial decision interpreting or applying such laws or regulations, which amendment, clarification or change is effective, or pronouncement, action or decision is announced, after the Issue Date; or
(ii) an official written statement from APRA, that, in each case, the Issuer is not or will not be entitled to treat all Subordinated Notes of a Series as Tier 2 Capital, provided that, in each case, on the Issue Date of the Subordinated Notes, the Issuer did not expect that matters giving rise to the Regulatory Event would occur.
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