By William Gullotti and Cristal Cody
Buffalo, N.Y., Sept. 26 – ANZ Banking Group Ltd. sold $1.65 billion of fixed- and floating-rate notes due Oct. 3, 2025 in two tranches on Monday, according to a market source.
The floating-rate tranche totaled $650 million, bearing interest at SOFR plus 64 basis points.
ANZ also sold $1 billion of 5.671% fixed-rate notes at a spread of 55 bps over Treasuries. Pricing came in under initial talk in the Treasuries plus 75 bps area.
Bookrunners were ANZ Securities Inc., BofA, Citigroup, Goldman Sachs and Morgan Stanley.
The financial services company is based in Melbourne, Australia.
| Issuer: | ANZ Banking Group Ltd.
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| Amount: | $1.65 billion
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| Maturity: | Oct. 3, 2025
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| Bookrunners: | ANZ Securities Inc., BofA, Citigroup, Goldman Sachs and Morgan Stanley
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| Trade date: | Sept. 25
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| Floating-rate notes
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| Amount: | $650 million
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| Coupon: | SOFR plus 64 bps
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| Initial talk: | SOFR plus equivalent
|
|
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| Fixed-rate notes
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| Amount: | $1 billion
|
| Coupon: | 5.671%
|
| Spread: | Treasuries plus 55 bps
|
| Initial talk: | Treasuries plus 75 bps area
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