Post-deal insights: ANZ breaks new ground with offshore tier-one deal

ANZ Banking Group (ANZ) says the US dollar tier-one transaction it priced on June 7 obviates local capacity constraints as well as enables the bank to access tenor which fits its desired overall funding profile. The issuer also confirms that it was able to print Australia's first offshore major-bank additional-tier one issue since 2009 thanks to a new, more commercial interpretation of tax provisions.