The ANZ Bank have announced that they intend issuing a new 5 year bond at a rate set at 1.75% over the 5 yr swap rate on the 11th Sept. This equates to about 4.70% at the current rates.

The bonds will have have a credit rating of AA- andĀ  will be a senior issue so will rankĀ  equally with term deposits.

Click here to download the ANZ Bonds Investment Statment 2012-08-16