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Payment of Interest on 9.125% Capital Securities

Document date:  Mon 28 Feb 2000
Published:  Mon 28 Feb 2000 16:56:52
Document No:  158944
Document part:  A
Market Flag:  N
Classification:  Dividend - Other

AUSTRALIA & NEW ZEALAND BANKING GROUP LI      2000-02-28  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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PAYMENT OF INTEREST ON US$258.75M 9.125% CAPITAL SECURITIES

Australia and New Zealand Banking Group Limited will on 31 March 2000
make a payment totalling $5,902,734.38 on its 9.125% Capital
Securities to Holders of Record as at 15 March 2000. This payment
equates to approximately $0.57031 (rounded to 5 decimal places) per
$25.00 security.


P J Mathews 
ASSISTANT COMPANY SECRETARY