Australia and New Zealand Banking Group Limited
Indicative
Full Lot
Indicative price as of 01 Oct 2026, 3:50pm
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
11 Nov 2024
Issue Date
15 Nov 2024
Maturity Date
15 Nov 2034
Years to Maturity / Next Call
8.127 / 3.124
Modified Duration
6.870 @ 30 Sep 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
3.750
Coupon Type
Variable
Annual Coupon Rate
3.750
Coupon Frequency
Semi Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
Reset Date: 15 November 2029
Reset Rate: 5-Year SORA OIS + Initial Margin (1.123%)
ISIN
XS2941275260
CUSIP
YT1453174
Bond Currency
SGD
Total Issue Size
600,000,000
Min. Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
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
Conversion or Write-Off
The Subordinated Notes are subject to mandatory Conversion into Ordinary Shares of ANZGHL if a Non-Viability Trigger Event occurs. If Conversion has not been effected within five Business Days after the Non-Viability Trigger Event for any reason, the Subordinated Notes will be Written-Off, as described in the Information Memorandum
Non–Viability Trigger Event:
As described in the Information Memorandum, a "Non-Viability Trigger Event" means the earlier of: (i) the issuance to ANZBGL of a written determination from APRA that conversion or write-off of Relevant Securities is necessary because, without it, APRA considers that ANZBGL would become non-viable; or (ii) a determination by APRA, notified to ANZBGL in writing, that without a public sector injection of capital, or equivalent support, ANZBGL would become non-viable.
If specified as applicable in the relevant Final Terms, upon the occurrence of an NZ Subordinated Note Regulatory Event, subject to Condition 5(j), ANZ Bank New Zealand may at its option, at any time (if the NZ Subordinated Note is not a Floating Rate Note) or on any Interest Payment Date (in the case of an NZ Subordinated Note that is a Floating Rate Note) and on giving not more than 60 nor less than 30 days' notice to the NZ Subordinated Noteholders of the relevant Series (which notice shall be irrevocable) redeem all, but not some only, of the NZ Subordinated Notes of the relevant Series at the 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 5(d), ANZ Bank New Zealand shall deliver to the Fiscal Agent a certificate signed by an authorised signatory of ANZ Bank New Zealand stating that ANZ Bank New Zealand is entitled to effect such redemption and setting forth a statement of the facts showing that the conditions precedent to the right of ANZ Bank New Zealand so to redeem have occurred.
Cash Flow Information