ANZ steps up with $1 billion issue
(Australia) ANZ’s Stapled Exchangeable Preferred Securities (ANZ StEPS) offer closed fully subscribed and the bank has issued $1 billion of the securities.
ANZ StEPS began trading on the Australian Stock Exchange on a deferred settlement basis last week and has been given the code ANZPA.
The bank’s chief financial officer Peter Marriott said ANZ was pleased with the strong demand for the offer, which he believed reflected investor confidence in the bank.
The first distribution rate on ANZ StEPS was announced on 21 August 2003 at 5.8 percent per annum, which is expected to be paid on 15 December 2003.
The bank’s chief financial officer Peter Marriott said ANZ was pleased with the strong demand for the offer, which he believed reflected investor confidence in the bank.
The first distribution rate on ANZ StEPS was announced on 21 August 2003 at 5.8 percent per annum, which is expected to be paid on 15 December 2003.
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