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BRIEF-ANZ considering making on-market buy-back offer for convertible preference shares issued in Sept. 2011

Published 27/07/2017, 10:00 am
© Reuters.  BRIEF-ANZ considering making on-market buy-back offer for convertible preference shares issued in Sept. 2011
ANZ
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July 27 (Reuters) - Australia And New Zealand Banking Group Ltd ANZ.AX

* considering making an on-market buy-back offer for convertible preference shares (cps3) issued in september 2011

* ANZ will not formally exercise its right to redeem cps3 on 1 september 2017.

* any buy-back offer is expected to be made in conjunction with offer of a new hybrid capital instrument

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