Ann: GENERAL: ANB: ANZ launches Capital Notes

• Release Date: 23/02/15 17:16
• Summary: GENERAL: ANB: ANZ launches Capital Notes
• Price Sensitive: No
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					ANB
23/02/2015 17:16
GENERAL
PRICE SENSITIVE
REL: 1716 HRS ANZ Bank New Zealand Limited

GENERAL: ANB: ANZ launches Capital Notes

ANZ Bank New Zealand Limited (ANZ) announced today that it is making an offer
of up to NZ$250 million Capital Notes (Notes) to the New Zealand public, with
the ability to accept unlimited oversubscriptions at ANZ's discretion.

The Notes will be mandatory convertible, non-cumulative, perpetual,
subordinated, and unsecured.
The offer will open on 6 March 2015.

The Notes will be part of the ongoing regulatory capital management programme
for ANZ and for Australia and New Zealand Banking Group Limited (ANZBGL).

Subject to conditions being met:
- ANZ may repay the Notes or convert the Notes into shares in ANZBGL on the
Optional Exchange Date (25 May 2020).
- ANZ must convert the Notes into shares in ANZBGL on the Mandatory
Conversion Date (25 May 2022).

The Notes may be repaid or converted into ANZBGL shares at other times as
well, or they may remain on issue indefinitely.  The Notes may also be
written off if they are not able to convert into ANZBGL shares in certain
circumstances.
The Notes will not be guaranteed by any person, and ANZBGL does not guarantee
ANZ.

The indicative margin range for the Notes is 3.50% - 3.60% per annum.  An
announcement of the margin and initial interest rate will be made on or
before the opening date.

The Notes have been assigned a credit rating of BBB- by Standard & Poor's.

New Zealand investors wanting to register interest in the Notes should
contact their financial adviser, or any of the Joint Lead Managers on the
following New Zealand toll free numbers:

Joint Lead Managers:
ANZ 0800 800 372
Deutsche Craigs   0800 226 263
First NZ Capital   0800 005 678
Forsyth Barr 0800 367 227
Goldman Sachs 0800 555 555
Macquarie    0800 742 737

The full details of the offer may be viewed at www.anz.co.nz/anzcapitalnotes
and are contained in the Investment Statement prepared for the offer.
Applications for the Notes can only be made using the application form
included in the Investment Statement. The minimum application amount in
respect of the Notes is NZ$5,000 and in multiples of NZ$1,000 thereafter.
There are restrictions on offering, issuing or selling the Notes outside New
Zealand, including offering, issuing or selling the Notes to or from persons
in Australia.

Application has been made to NZX Limited (NZX) for permission to quote the
Notes on the NZX Debt Market and all the requirements of NZX relating to that
application that can be complied with on or before the date of this
announcement have been duly complied with.  However, NZX accepts no
responsibility for any statement in this announcement. NZX is a licensed
market operator, and the NZX Debt Market is a licensed market, each regulated
under the Financial Markets Conduct Act 2013.

INVESTOR RELATIONS
Paul Daley
Treasurer
Phone: +64 4 436 6798
Email: [email protected]
End CA:00261009 For:ANB    Type:GENERAL    Time:2015-02-23 17:16:30