Aug 16 (Reuters) - Australia and New Zealand Banking Group Ltd ANZ.AX :
* ANZ capital notes 4 and CPS2 reinvestment offer
* It intends to issue a new additional Tier-1 capital security, ANZ capital
notes 4, to raise approximately A$1 billion
* Says offer is expected to open on 24 August 2016
* Will use the proceeds of the offer to refinance the convertible preference
shares it issued in December 2009
* Says offer forms part of ANZ's ongoing capital management strategy
* Margins of capital notes 4 expected to be in the range of 4.7% to 4.9%
* Source text for Eikon ID:nASX72fktc