ANZ sets the margin on its latest tier-one offer

ANZ Banking Group (ANZ) set the margin for its latest additional-tier-one offer – ANZ Capital Notes 5 – following the completion of the broker firm reinvestment offer bookbuild on 23 August. According to an announcement lodged with the Australian Securities Exchange (ASX), the margin has been set at 380 basis points over bank bills, the tight end of 380-400 basis points over bills guidance.