Aust Bank OTC Hybrid Debt Securities
Categories: | Fixed Income, Hybrid and Convertible Notes |
Sale Type: | Asking Price |
Price Guide: | AUD $2.2M (22,000 securities) Call Date 27 March 2020 |
Status: | Closed |
Summary:
Tier 1 Hybrid Debt Securities @ 400bps over 6 month BBSW with a 90% franking credit. The Securities are fully paid, perpetual, unsecured, subordinated debt obligations of a leading Australian and New Zealand Bank and Wealth Management company with over 5M retail and 400 institutional clients. Principal activities include financial planning and advice, superannuation services for businesses and investment products for individuals, income protection and disability insurance as well as selected banking products and investments.
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