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HSF Advises Joint Lead Managers on ANZ's A$1.5 billion Capital Notes 6 Offer


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HSF Advises Joint Lead Managers on ANZ’s A$1.5 billion Capital Notes 6 Offer
Herbert Smith Freehills has advised the Joint Lead Managers of Australia and New Zealand Banking Group Limited’s (ANZ) offer of ANZ Capital Notes 6 (Notes). The offer also involved a reinvestment offer under which holders of ANZ Capital Notes 1 were able to apply to sell some or all of their ANZ Capital Notes 1 and reinvest the proceeds in the Notes or receive cash.
The Notes are fully paid, convertible, perpetual, unsecured, subordinated notes issued by ANZ. The Notes will constitute Additional Tier 1 Capital under APRA standards. The proceeds from the issue will be used to refinance the ANZ Capital Notes 1 and for general corporate purposes. ....

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Allianz Retire+ assembles retirement advisory panel


Allianz Retire+ assembles retirement advisory panel
Allianz Retire+ assembles retirement advisory panel
An RBA board member, former AMP retirement head and a director from UniSuper are among a team of experts that was gathered by Allianz Retire+, to tackle the retirement advice landscape.
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Allianz Retire+ has launched its new Retirement and Ageing Advisory Panel, with plans to identify and work on needs, trends and services across the institutional retirement and ageing sector. Its ultimate goal is improving retirement outcomes, with the initial focus to be on upcoming policy changes.
Fintan Thornton, actuary and head of institutional solutions at Allianz Retire+ will chair the panel. He was previously head of superannuation at Colonial First State as well as head of strategy and implementation and head of employee superannuation at CBA. ....

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