Australia and New Zealand Banking Group Issues GBP 350 Million Floating Rate Notes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Yahoo Finance
- Issuance Size: Australia and New Zealand Banking Group successfully issues GBP 350 million in floating rate notes, maturing in October 2026, which will enhance its capital structure and support future financing needs.
- Interest Rate Setting: The notes carry an interest rate of 4.28116%, with an interest amount of GBP 1,372.32 per GBP 100,000 over a 117-day interest period, ensuring stable returns for investors.
- Value Date: The value date for the notes is set for January 28, 2026, marking the commencement of cash flow, which is expected to support the bank's liquidity management.
- Market Reaction: This issuance reflects market confidence in Australia and New Zealand Banking Group, likely further enhancing its reputation and financing capabilities in the international debt market.
Analyst Views on DB
Wall Street analysts forecast DB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DB is 41.98 USD with a low forecast of 35.44 USD and a high forecast of 46.63 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 37.490
Low
35.44
Averages
41.98
High
46.63
Current: 37.490
Low
35.44
Averages
41.98
High
46.63
About DB
Deutsche Bank Aktiengesellschaft is a bank and holding company for its subsidiaries. The Company offers a range of services such as investment, financial and related products and services to private individuals, corporate entities, and institutional clients. It operates through four business divisions: Corporate Bank, Investment Bank, Private Bank and Asset Management. The Corporate Bank division serves corporate clients and financial institutions, offering cash management, trade finance, lending, foreign exchange, trust and agency services, correspondent banking, and securities services. The Investment Bank division includes Fixed Income & Currencies (FIC) Sales & Trading, Origination & Advisory, and Deutsche Bank Research. The Private Bank division focuses on personal and private clients, wealthy individuals, entrepreneurs and families. The Asset Management division operates under the brand DWS, and it serves a diverse client base of retail and institutional investors worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
