ANZ sells South Australia govt bonds after state announces new bank tax

logo_ANZMELBOURNE, June 29 (Reuters) – Australia and New Zealand Banking Group Ltd has sold tens of millions of dollars worth of South Australia government bonds, its chief executive said on Thursday, a week after the state announced a new bank tax.

South Australia bond yields have
risen relative to those of other states since it imposed a A$370 million ($280 million) levy on the country’s five biggest lenders, indicating investors have become more cautious about lending to the state government. Screen Shot 2017-08-03 at 4.10.03 PM.png

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