Common equity will do the heavy lifting in the latest capital-boosting effort by an Australian major bank. ANZ Banking Group (ANZ) announced on August 6 its intent to conduct a A$2.5 billion (US$1.8 billion) institutional share placement (ISP) and a A$500 million share-purchase plan (SPP). The move comes as clarity begins to emerge around the timing and quantum of capital changes in Australia, particularly in relation to mortgage risk weights.