ANZ anz group holdings limited

help: advantages of pref shares, page-9

  1. 207 Posts.
    "As such, based on todays 90 day BBSW of (as an example) 7.2%, then the notes will pay for the first 90 term 9.7% fully franked - 13.85% grossed up."

    9.7% is the grossed up amount. Actual payment = 9.7% x 0.7

    A preference share is a share, it ranks below note (which is debt), but above ordinary shares.
 
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Last
$30.82
Change
0.370(1.22%)
Mkt cap ! $91.95B
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$30.49 $30.95 $30.43 $172.2M 5.638M

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No. Vol. Price($)
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Price($) Vol. No.
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