ANZ seven-year hybrid points to confidence revival, lead says
- Tuesday, 10 November 2009
The second hybrid deal from an Australian big four bank to launch in just over two months is a sign of returning confidence in the asset class, according to one of the leads on the latest transaction. ANZ Banking Group (ANZ) (AA/Aa1/AA) launched its CPS2 deal on November 10 seeking volume of A$750 million (US$697.13 million) with room to up- or downsize depending on demand.
