	anz bank sets one for two bonus issue australia and new zealand banking group ltd anza s said it will make a one for two bonus issue from its asset revaluation reserve to shareholders registered june the proposed bonus and an increase in authorised capital to one billion one dlr par shares from mln will be put to shareholders for approval at an extraordinary general meeting on may the anz said in a statement the issue will absorb about mln dlrs of the mln standing in the asset revaluation reserve it said the bank said that by lowering the dividend rate it expects to maintain the value of dividend payout on the enlarged capital at about the level of its last full year ended september the group paid cents a share and mln dlrs in all for that year shareholders will also be asked to approve changes in the bank s articles of association to allow it to offer shares in lieu of the interim dividend at a discount of five pct to the market price the group is the latest to announce a tax free bonus issue ahead of dividend imputation effective july reuter 
