ANZ Perpetual Preference Shares

[NZSilver]

Thankyou grimy for the insights,

That's handy to know they usually pay them back, so you can in some ways think of it as a 6 year bond. Agree if they go under we will be in more trouble and that will be the least of our worries.

Again thanks for the response, much appreciated

[Lego_Man]

Thankyou grimy for the insights,

That's handy to know they usually pay them back, so you can in some ways think of it as a 6 year bond. Agree if they go under we will be in more trouble and that will be the least of our worries.

Again thanks for the response, much appreciated

I know it might be obvious to some, but note they also have a "dividend stopper" provision, so the bank can't pay a dividend to general equity holders before resuming payments on these. However they are not obliged to catch up on cumulative missed payments.