Prices first global Mortgage backed securities transaction

Document date:  Tue 22 May 2001
Published:  Tue 22 May 2001 14:34:20
Document No:  176820
Document part:  A
Market Flag:  Y
Classification:  Issued Capital - Other 

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2001-05-22  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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MEDIA RELEASE

Australia and New Zealand Banking Group Limited (ANZ) today announced
pricing set in New York overnight and in Melbourne for its inaugural
global mortgage backed securities transaction through the Kingfisher
Trust 2001-1G.

ANZ through the Kingfisher Trust 2001-1G is offering US$1.0 billion
of Class A Notes to predominantly US and European investors rated
AAA/Aaa/AAA by Standard & Poor's, Moody's Investors Service and Fitch
Inc respectively.

The Class A Notes have a weighted average life of 3.21 years and a
note rate of 18 basis points over 3 month LIBOR. The Kingfisher Trust
2001-1G represents the largest Australian MBS transaction by ANZ and
marks the beginning of its global MBS funding program. Salomon Smith
Barney is the lead manager for the Class A Notes with ANZ, Deutsche
Bank, Merrill Lynch and Morgan Stanley Dean Witter as co-managers.

The Kingfisher Trust 2001-1G also includes the issuance of A$41.5
million Class B Notes rated AA-/AA- by Standard & Poor's and Fitch
Inc respectively. The pricing on the Class B Notes is undisclosed.

ANZ Group Treasurer Mr Rick Sawers said: "This is our first Global
MBS transaction from the Kingfisher program and we plan to be regular
visitors to the global markets. The issue is a significant step in
our global funding diversification plans".

FOR A WRITTEN COPY OF THE PROSPECTUS, CONTACT:

Erik Lehnacker                                 
HEAD OF BALANCE SHEET STRUCTURE, ANZ           
Tel: (613) 9273-2670 or (61) 407-062-059      
Email lehnacke@anz.com                         

Gavin   Buchanan           
VICE PRESIDENT - SECURITISATION 
Salomon Smith Barney Australia    
Tel: (612) 8225-4359 or (61) 414-747-999
Email: gavin.buchanan@ssmb.com.au
FOR MEDIA ENQUIRIES, CONTACT:

Paul Edwards
HEAD OF GROUP MEDIA RELATIONS
Telephone: 03-9273 6955 or 0409-655 550 (mobile)
Email edwardp12@anz.com