ANZ 6.405% 20Sep2034 Corp (AUD)

Bond Factsheet

Australia and New Zealand Banking Group Limited

Indicative

Full Lot

Bid Price

100.712

Change in Bid Price

0.207

Bid Yield (%)

6.136 %

Change in Bid Yield

remove 0.078

Ask Price

100.866

Change in Ask Price

0.221

Ask Yield (%)

6.079 %

Change in Ask Yield

remove 0.083

Indicative price as of 02 Oct 2026, 4:33pm

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Bond Information

Australia and New Zealand Banking Group Limited provides banking and financial services. The Bank offers institutional and private banking, mobile lending, residential and commercial brokerage, bank accounts, credit cards, home and personal loans, wealth management, and insurance services. Australia and New Zealand Banking Group serves customers worldwide.

Bond Issuer

Australia and New Zealand Banking Group Limited

Guarantor

Announcement Date

13 Sep 2022

Issue Date

20 Sep 2022

Maturity Date

20 Sep 2034

Years to Maturity / Next Call

7.963 / 2.961

Modified Duration

6.107 @ 02 Oct 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

6.405

Coupon Type

Variable

Annual Coupon Rate

6.405

Coupon Frequency

Semi Annually

Seniority

Subordinated

Capital Structure

Tier 2

Reference Rate

Reset Date: 20 Sep 2029 and every quarter thereafter
Reset Rate: 3 month ASX Aus Bank Bill Short Term Rate + Margin (2.600%)

ISIN

AU3CB0292472

CUSIP

BZ0248170

Bond Currency

AUD

Total Issue Size

900,000,000

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

Exchange Listed

Bond Feature(s)

Loss Absorption

Tier 2

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 or Write-Off of Subordinated Notes on Trigger Event Date
If a Non-Viability Trigger Event occurs:

(i) on the Trigger Event Date, subject only to Condition 5B.5, such Principal Amount of the Subordinated Notes will immediately Convert or be Written-Off (whichever is applicable as specified in the Pricing Supplement) as is required by the Non-Viability Determination provided that:

(a) where the Non-Viability Trigger Event occurs under Condition 5A.2(i) and such Non-Viability Determination does not require all Relevant Securities to be converted into Ordinary Shares or written-off, such Principal Amount of the Subordinated Notes shall Convert or be Written-Off (whichever is applicable as specified in the Pricing Supplement) as is sufficient (determined by the Issuer in accordance with Condition 5A.3(ii)) to satisfy APRA that the Issuer is viable without further conversion or write-off; and

(b) where the Non-Viability Trigger Event occurs under Condition 5A.2(ii), all the Principal Amount of the Subordinated Notes will immediately Convert or be Written-Off (whichever is applicable as specified in the Pricing Supplement).

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.

Write-Off:
Not Applicable
(Where “Not Applicable” is specified at this paragraph 28, this is without prejudice to the application of Condition 5B.5 where “Applicable” is specified at paragraph 29)

Conversion:
Applicable
(i) CD: 1.00%
(ii) VWAP Period:5 Business Days

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.

All Securities in respect of which any such notice is given shall be redeemed, or the Issuer’s option shall be exercised, on the date specified in such notice in accordance with this Condition.

Call on 20 September 2029 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.

Redemption at Par, as it may be adjusted in accordance with Condition 5A.4.

Additional Note

Redemption of Subordinated Notes for Regulatory Reasons

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.

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.

Coupon Dates	Coupon Receive	Principal Amount	Cash Flow

No Data