King & Wood Mallesons has continued its record of acting on all major hybrid offerings in Australia, acting for Australia and New Zealand Banking Group Ltd (ANZ) on its latest offer of Tier 1 hybrid securities, ANZ Capital Notes 2.
The KWM team was led by Partners Joseph Muraca and Ian Paterson. They were supported by Senior Associates David Bryant and Steve Kozak, and Solicitor Jack Hill. This is the latest in a line of public retail offerings of hybrid securities that KWM has helped financial institution issuers develop to meet the Basel III and LAGIC requirements since they began to take shape in 2012. These include ANZ’s Capital Notes issue last year and convertible preference share issuances for IAG (2012), Suncorp (2012) and NAB (2013) and Tier 2 subordinated notes issuances for AMP and Suncorp.
Herbert Smith Freehills acted for the joint lead manager syndicate.
