From page 194 the annual report:
3. AUD denominated Tier 2 loan capital issuances
$1,000 million subordinated notes issued November 2014, and redeemed in November 2019.
Like just taking the opportunity to replace these notes, and manage the banks funding, while funding is cheap. Nothing to really see here.
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- Ann: Issue of AUD 1.4 Billion Worth of Subordinated Notes
Ann: Issue of AUD 1.4 Billion Worth of Subordinated Notes, page-11
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