Commentary & Deal Flow

Launched: 3yr: €750m @ MS+15bp - Books above €3.3bn pre rec. (incl. €325m of JLM)
Spread set at: 3yr: MS+15bp
Book Update: Books above €2.5bn (incl. €325m of JLM)
Guidance: 3yr: MS+22a

• Issuer: ANZ New Zealand (Int'l) Limited, acting through its London Branch (“Issuer”)
• LEI: 213800VD256NU2D97H12
• Guarantor: ANZ Bank New Zealand Limited
• Covered Bond Guarantor: ANZNZ Covered Bond Trust Limited (as trustee of the ANZNZ Covered Bond Trust)
• Security Type: Secured by New Zealand residential mortgage loans
• Issuer Rating: A1 (Stable) / AA- (Stable) / A+ (Stable) (Moody’s / S&P / Fitch)
• Expected Issue Rating: Aaa / AAA (Moody’s / Fitch)
• Format: Bearer Form, Classic Global Covered Bonds, Reg S (TEFRA D rules apply - no communications with or into the US or to US persons)
• Currency / Size: €750m
• Settlement Date: 03-Sep-26 (T + 7)
• Maturity Date: 03-Sep-29 (3-years), soft bullet maturity
• Coupon: Fixed, Annual, Act/Act (ICMA), unadjusted
• Listing/Denoms: London Stock Exchange / €100k + €1k
• Joint Leads: ANZ, CACIB, DB, Natixis, UBS
• Target Market: MiFID II / UK MiFIR professionals/ECPs-only/No EEA PRIIPs KID or disclosure document required by the FCA Product Disclosure Sourcebook – Manufacturer target market (MiFID II / UK MiFIR product governance) is eligible counterparties and professional investors only (all distribution channels). No EEA PRIIPs key information document (KID) or disclosure document required by the FCA Product Disclosure Sourcebook has been prepared as not available to retail in EEA or UK
• Timing: Books open, today’s business
• ISIN / Common Code: XS3486705224 / 348670522
• Advertisement: €8,000,000,000 ANZNZ Covered Bond Programme Base Prospectus dated 22-Jul-26 (“Base Prospectus”) and the applicable Final Terms. The Base Prospectus is available via: https://www.anz.com/debtinvestors/centre/covered-bonds/programmes/anznz-and-anznil-covered-bond-programme/The Final Terms, when published, will be available via the National Storage Mechanism
• Selling Restrictions: As set out in the Base Prospectus
• Governing Law: The Covered Bonds and Bond Trust Deed are governed by English law. The Security Deed is governed by New Zealand law
• Books Subject: 10:40 UKT / 11:40 CET