Briefs: Tyro settles class action, ANZ completes hybrid issue, Wisr prices ABS, CBA appointments 20 February 2023 4:47AM Banking Day staff Briefs, Tyro Payments, ANZ, Hybrids, Consumer lending, Securitisation: ABS, Car loans & HP, CBA, Appointments Tyro Payments has reached an in-principle settlement of a class action over terminal outages in January 2021. Tyro has entered into the agreement, which is subject to court approval, with no admission of liability. The company said in a statement on Friday that “payment of the settlement is not expected to involve any additional cost or expense to Tyro”. ANZ has completed its ANZ Capital Notes 8 bookbuild, allocating A$1.5 billion to the hybrid issue and setting a margin of 275 basis points over the three-month bank bill swap rate (currently around 3.4 per cent). The first call date is March 2030 and the mandatory conversion date is September 2032. The transaction includes a reinvestment offer for eligible Capital Notes 3 holders. Consumer finance company Wisr has secured A$200 million of funding through an issue of asset-backed securities – its third ABS and its first backed by secured vehicle loans. The transaction was priced at a weighted average margin of 258 basis points over the one-month bank bill swap rate, with the $120 million of A notes priced at a margin of 160 bps. Wisr’s loan book at December 31 was $916 million. Commonwealth Bank has made two senior appointments in its institutional banking and markets division. Deborah Leerhsen has been appointed executive general manager global client solutions and Sally Reid has been appointed executive general manager capital structuring. Leerhsen is moving to CBA from Mizuho Bank, where she was deputy head of Asia and Oceania Corporate Banking. Reid is changing roles after three years heading global client solutions.