King & Wood Mallesons (KWM) has advised Australia and New Zealand Banking Group Limited (ANZ) on its offer of ANZ Capital Notes 9 (CN9), which raised $1.7 billion of Additional Tier 1 Capital.
KWM advised ANZ on all aspects of the CN9 offer, including the reinvestment offer for eligible ANZ Capital Notes 4 holders.
The KWM team advising on the transaction was led by partners Ian Paterson, Joseph Muraca and Jack Hill with support from senior associate Kathryn Tomasic and solicitors James Atcheson, Andrew Chong and Alice Sawers. Tax partner David Wood and senior associate Frankie Barbour also provided tax advice to ANZ on the deal.
Commenting on the transaction, partner Jack Hill said: “We are delighted to have partnered again with ANZ to assist it in seamlessly executing another important capital transaction.”
KWM is a leading adviser in ASX-listed hybrid securities having been involved in transactions raising over $2.3 billion in aggregate already this year. This transaction builds on KWM’s long-standing relationship with ANZ, which includes advising ANZ on its $3.5b equity raising to help fund its acquisition of Suncorp Bank.
