ANZ Bonus Bonds scheme now in wind up
ANZ Investment Services says that the Bonus Bonds scheme is now in wind-up.
Tuesday, November 3rd 2020, 1:29PM
Wind-up of the scheme commenced from 9pm Saturday 31 October 2020. Investors still holding Bonus Bonds as at this date will now be unable to make redemptions.
With low interest rates continuing to reduce the Bonus Bonds prize pool, ANZIS announced their intent to begin winding up the scheme no later than the end of October 2020.
Final distributions from the wind-up cannot be paid until term deposits that the scheme invests in have matured or been otherwise realised, the final winding up expenses have been confirmed and ANZIS has bank account details from bondholders to make payments.
Ben Kelleher, managing director retail and business banking for ANZ said, “we are confident that bondholders remaining in the scheme when we commenced winding up will receive a share of reserves over and above their original investment”.
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