ANZ Group Holdings (ASX:ANZ, NZE:ANZ) said it will redeem its AU$1.25 billion wholesale floating rate subordinated notes due February 2031 on their optional redemption date of Feb. 26, according to a Tuesday filing with the New Zealand and Australian bourses.
The redemption follows the receipt of written approval from the Australian Prudential Regulation Authority, per the filing.
The redemption should not be taken as an indication of any intention to redeem the company's other outstanding callable capital instruments, the filing added.