The ANZ Bank has allocated $1.7 billion of ANZ Capital Notes 9, where it had been seeking around $1 billion originally under its offer. The Bank has issued a replacement prospectus today. It also announced that it had set the margin at 2.90% per annum. This is at the lower...
ANZ Bank has today launched its Additional Tier 1 capital security offer, ANZ Capital Notes 9, seeking to raise around $1 billion. At the same time, ANZ also announced that it will redeem ANZ Capital Notes 4 on 20 March 2024. Eligible Capital Notes 4 holders may apply to reinvest...
The January Consumer Price Index (CPI) showed that inflation was, once again, hotter than expected, frustrating both the market and the Federal Reserve (Fed). Both headline and core monthly inflation accelerated while the Fed’s favoured supercore inflation measure extended its recent upward trend. Today’s inflation report shows that it...
According to Challenger Investment Management’s December 2023 quarterly review: Subordinated debt was the star of 4Q23 Australian dollar financials are expensive compared to offshore issuance, and Retail bank capital (ASX-listed hybrids) are prohibitively expensive. Tier 2 subordinated bank capital was the star of the final quarter of 2023. Major bank...
Emma Lawson, Fixed Interest Strategist - Macroeconomics in the Janus Henderson Australian Fixed Interest team, provides her Australian economic analysis and market outlook. Market Review Doubts about the speed of central bank easing crept through in January, taking away some of the stellar December gains before staging a late month rally....
Following the latest US Federal Reserve meeting, Mutual Limited’s CIO Scott Rundell looks at how markets have reacted and the outlook. Fed says easy tiger, we’ll get there…be patient… It was all about what the Fed said and what they didn’t say last night at and post its policy meeting.  The...
Bank hybrid issuing is set to ramp up early in 2024 with ANZ Bank expected to be the first to market. ANZ issued a recent statement saying it is expected to announce a new ANZ Capital Notes offer in February. It said it may include a limited reinvestment offer for...
Queensland Treasury Corporation has issued AUD$2.75 billion of a new 4.75% 2 February 2034 CBI certified green bond through a syndicated process. This takes QTC's total term debt raised since 13 June 2023 to AUD11 billion towards its indicative funding requirement of AUD14.5 billion for 2023–24. Issuer ratings are AA+ (Stable) by...
Australian investors flocked to bond ETFs in 2023 as rising interest rates made fixed income allocations more attractive, according to data recently released by the Australian Securities Exchange (ASX) and Vanguard. Australian bond ETFs received A$3.81 billion in cash flows in 2023, a 37% improvement year on year. Global bond...
The World Bank (International Bank for Reconstruction and Development, IBRD rated Aaa/AAA) has priced its first benchmark of 2024 – an Australian dollar 2 billion 5-year bond due January 10, 2029. The transaction attracted over 50 orders totaling more than AUD 2.4 billion from investors drawn to IBRD’s high credit...

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New ANZ Bond Issued at a 6.73% Yield

Today ANZ issued a Tier 2 subordinated bond at a margin of 280 basis points over semi annual swap, equivalent to a 6.736% issue...
anz capital notes 9

ANZ Launches ANZ Capital Notes 9 Offer

ANZ Bank has today launched its Additional Tier 1 capital security offer, ANZ Capital Notes 9, seeking to raise around $1 billion. At the same...

Attractive Yields But Narrow Spreads: The Credit Dilemma

By Arif Husain, Head of International Fixed Income and Chief Investment Officer, Fixed Income at T. Rowe Price Even after the late-year “Santa” rally, all-in...
anz hybrid offer

ANZ To Launch $1bn Plus Hybrid Offer

Bank hybrid issuing is set to ramp up early in 2024 with ANZ Bank expected to be the first to market. ANZ issued a recent...

ANZ Allocates $1.7 billion & Sets Margin for ANZ Capital Notes 9

The ANZ Bank has allocated $1.7 billion of ANZ Capital Notes 9, where it had been seeking around $1 billion originally under its offer....