Payment of Principle/Interest on US$258.75m 9.125% Cap. Sec.

Document date:  Tue 18 Feb 2003
Published:  Tue 18 Feb 2003 16:36:50
Document No:  201017
Document part:  A
Market Flag:  N
Classification:  Issued Capital - Other 

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2003-02-18  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
Australia and New Zealand Banking Group Limited will make the
following payments on the Redemption Date, March 4 2003, of its
9.125% Capital Securities: (i) interest payment totalling $4,197,500.
This payment equates to approximately $0.40555 (rounded to 5
decimal places) per $25.00 security; (ii) principle payment of
$258,750,000. This payment equates to $25.00 per security.


T Paine
COMPANY SECRETARY