Commentary & Deal Flow

Final Books >£2.4bn

Launched: 3.75yr: £1.25bn @ SONIA+50bp - Orderbook >£2.3bn (pre-rec)
Spread set at: 3.75yr: SONIA+50bp - Orderbook >£2.4bn (pre-rec)
Guidance: 3.75yr: SONIA+55a - Books above £2bn

• Issuer: Australia and New Zealand Banking Group Limited (ABN 11 005 357 522) (“Issuer”)
• Issuer LEI: JHE42UYNWWTJB8YTTU19
• Guarantor: Perpetual Corporate Trust Limited (ABN 99 000 341 533) in its capacity as trustee of the ANZ Residential Covered Bond Trust
• Expected Issue Rating: Aaa/AAA (Moody's/Fitch)
• Format: Reg S (TEFRA D rules apply), Bearer, Covered Bond
• Size: £1.25bn
• Trade Date: 17-Jul-26
• Issue Date: 24-Jul-26 (T+5)
• Final Maturity Date: 24-Apr-30
• Coupon: SONIA+[•]bps, Floating, Compounded Daily SONIA, 5 London Banking Day lag lookback period, Quarterly, ACT/365F
• Listing/Governing Law: London Stock Exchange / English and State of Victoria
• Denominations: £100k + 1k
• ISIN/Common Code: XS3449093007 / 344909300
• Joint Lead Managers: ANZ, Barclays (B&D), BMO Markets, HSBC, Lloyds, NatWest and RBC Capital Markets
• Target Market: MiFID II and UK MiFIR product governance: Professional Clients and Eligible Counterparties only (all distribution channels). No EU PRIIPs key information document (KID) and no UK disclosure document required by DISC have been prepared as not available to retail investors in EEA or UK. The Issuer is not subject to MiFID II and any implementation thereof by an EU Member State or UK MiFIR and any implementation thereof by the UK. No Australian target market determination has been prepared as not available to retail investors in Australia.
• Advertisement: U.S.$30,000,000,000 ANZ Global Covered Bond Programme dated 14-May-26 (“Base Prospectus”). The prospectus and any supplements are available via: https://www.anz.com/debtinvestors/centre/covered-bonds/programmes/anz-global-emtn/ The Final Terms, when published, will also be available via the National Storage Mechanism.
• Selling Restrictions: As set out in the Base Prospectus to the ANZ Global Covered Bond programme and the Final Terms for this issuance
• Timing: Books closed