Australia's ANZ to buy back €500 million hybrid securities in December

By Jennifer Chiou

New York, Nov. 7 – ANZ Banking Group Ltd. announced that it will repurchase all of its €500 million of floating-rate non-cumulative hybrid trust securities due 2053 on Dec. 15.

The preferreds will be redeemed at par of €1,000 per share.

The company obtained approval from shareholders at a 2013 meeting.

The trustee is the Bank of New York Mellon. Questions may be directed to Stephen Ries (61 3 8654 3659; stephen.ries@anz.com).

The financial services company is based in Melbourne, Australia.

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