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Banking giant ANZ has been advised on its $1.31 billion capital notes 7 issue, which involved a reinvestment offer under which eligible holders of ANZ capital notes 2.
Firm: Herbert Smith Freehills (10 joint lead managers); King & Wood Mallesons (ANZ).
Area: Equity capital markets
Value: $1.31 billion
Key players: The Herbert Smith Freehills team was led by partners Philippa Stone and Fiona Smedley, who were supported by senior associates Charlotte Cameron, Yorick Ng, and Michael Burrell, and solicitors Adrian Palladino and David Tilley.
Deal significance: Speaking about the issue, Ms Stone said: “We are delighted to have again acted for the joint lead manager syndicate on another successful ANZ notes transaction, particularly as this transaction marks the first bank hybrid under the new product design and distribution obligations regime in Part 7.8A of the Corporations Act.”
Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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