ANZ said it will sell A$1.5 billion in subordinated, 10-year debt following a bookbuild completed yesterday. The bank began marketing the debt last week.The margin on the subordinated debt will be 2.75 per cent over the bank bill rate and is consistent with indications last week.ANZ is also likely to sell more subordinated debt through its New Zealand subsidiary in the next few weeks. The bank is looking at debt with a seven-year term, Insto reported.