Bond Factsheet
Marketplace
ANZ 6.749% 21Aug2046 Corp (AUD)
Australia and New Zealand Banking Group Limited
Full Lot
Bid Price 96.450
Change in Bid Price 0.340
Bid Yield (%) 7.084 %
Change in Bid Yield 0.033
Bid Volume 200,000
Ask Price 97.000
Change in Ask Price 0.890
Ask Yield (%) 7.030 %
Change in Ask Yield 0.087
Ask Volume 200,000
Price as of 02 Oct 2026, 6:52pm
Bond Issuer
Australia and New Zealand Banking Group Limited
Guarantor
-
Announcement Date
14 Aug 2026
Issue Date
21 Aug 2026
Maturity Date
21 Aug 2046
Years to Maturity / Next Call
19.893 / -
Modified Duration
10.622 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
6.749
Coupon Type
Fixed
Annual Coupon Rate
6.749
Coupon Frequency
Semi Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
-
ISIN
AU3CB0338481
CUSIP
DO5000488
Bond Currency
AUD
Total Issue Size
750,000,000
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
Others
Loss Absorption
Conversion or Write-Off of Subordinated Notes on a Non Viability Trigger Event:
Subordinated Notes will be mandatorily Converted into ANZGHL Ordinary Shares or Written-Off (as specified in the relevant Pricing Supplement and as further described below) where APRA determines that (1) such Conversion or Write-Off is necessary because, without it, the Issuer would become non-viable; or (2) without a public sector injection of capital or equivalent support, the Issuer would become non-viable.
If the Pricing Supplement specifies Conversion but, for any reason, the Subordinated Notes have not been Converted within five Business Days after the Trigger Event Date, the principal amount of such Subordinated Note will not be Converted and instead will be Written-Off with effect on and from the Trigger Event Date.
If a Subordinated Note of a Subordinated Noteholder is Written-Off, the Subordinated Noteholder’s rights under that Subordinated Note are immediately and irrevocably terminated for no consideration and the Subordinated Noteholder will suffer a total loss of their investment as a consequence.
In the event that a Non-Viability Trigger Event occurs, the Deed of Undertaking governs the obligations of ANZGHL to issue any ANZGHL Ordinary Shares to be issued by ANZGHL upon Conversion of Subordinated Notes.
A “Non-Viability Trigger Event” means the earlier of:
(a) 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
(b) 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”.
If a Non-Viability Trigger Event occurs:
(a) on the Trigger Event Date, subject only to Condition 8.5, 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:
(i) where the Non-Viability Trigger Event occurs under Condition 7.2(a) and such Non-Viability Determination does not require all Relevant Securities to be converted into ANZGHL 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 7.3(b)) to satisfy APRA that the Issuer is viable without further conversion or write-off; and
(ii) where the Non-Viability Trigger Event occurs under Condition 7.2(b), all the Principal Amount of the Subordinated Notes will immediately Convert or be Written-Off (whichever is applicable as specified in the Pricing Supplement).
Additional Note
(i) first, convert into ANZGHL Ordinary Shares or write-off all Relevant Tier 1 Securities; and
(ii) secondly, if conversion into ANZGHL Ordinary Shares or write-off of all Relevant Tier 1 Securities is not sufficient to satisfy the requirements of Condition 7.3(a)(i) (and provided that as a result of the conversion or write off of Relevant Tier 1 Securities APRA has not withdrawn the Non-Viability Determination), Convert or Write-Off (as applicable) a Principal Amount of Subordinated Notes and convert into ANZGHL Ordinary Shares or write-off a number or principal amount of other Relevant Tier 2 Securities on an approximately pro-rata basis or in a manner that is otherwise, in the opinion of the Issuer, fair and reasonable (subject to such adjustment as the Issuer may determine to take into account the effect on marketable parcels and the need to round to whole numbers the number of ANZGHL Ordinary Shares and the authorised denominations of the Principal Amount of any Subordinated Note or the number or principal amount of other Relevant Tier 2 Securities remaining on issue, and the need to effect the conversion immediately) and, for the purposes of this Condition 7.3(b)(ii), where the specified currency of the principal amount of Relevant Tier 2 Securities is not the same for all Relevant Tier 2 Securities, the Issuer may treat them as if converted into a single currency of the Issuer’s choice at such rate of exchange as the Issuer in good faith considers reasonable,
provided that such determination does not impede or delay the immediate Conversion or Write-Off (as applicable) of the relevant Principal Amount of Subordinated Notes;
(c) on the Trigger Event Date, the Issuer shall determine the Subordinated Notes or portions thereof as to which the Conversion or Write-Off (as applicable) is to take effect and in making that determination may make any decisions with respect to the identity of the Subordinated Noteholders at that time as may be necessary or desirable to ensure Conversion or Write-Off (as applicable) occurs in an orderly manner, including disregarding any transfers of Subordinated Notes that have not been settled or registered at that time provided that such determination does not impede or delay the immediate Conversion or Write-Off (as applicable) of the relevant Principal Amount of Subordinated Notes;
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 Note) or on any Interest Payment Date (in the case of a Subordinated Note that is a Floating Rate Note) and subject to Condition 6.10 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. Prior to the publication of any notice of redemption pursuant to this Condition 6.3, the Issuer shall deliver to the Registrar a certificate signed by two persons each of whom is either a Director, a senior executive or an authorised representative (or equivalent status) of the Issuer stating that the Issuer is entitled to effect such redemption and setting forth a statement of the facts showing that the conditions precedent to the right of the Issuer so to redeem have occurred.
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