By Andrea Heisinger
New York, Jan. 6 - ANZ Banking Group Ltd. priced $3 billion of notes (Aa1/AA) in three tranches on Wednesday, a source away from the deal said late in the day.
The $500 million of 2.4% three-year notes priced at 99.925 to yield 2.426% with a spread of Treasuries plus 87.5 basis points.
A $1.25 billion tranche of 3.7% five-year notes priced at 99.819 to yield 3.74%, or 115 bps over Treasuries.
The third tranche of $1.25 billion in 5.2% 10-year notes priced at 99.845 to yield 130 bps over Treasuries.
The notes were sold under Rule 144A.
Goldman Sachs & Co. and J.P. Morgan Securities were the bookrunners.
The financial services company is based in Melbourne, Australia.
| Issuer: | ANZ Banking Group Ltd.
|
| Issue: | Notes
|
| Amount: | $3 billion
|
| Bookrunners: | Goldman Sachs & Co., J.P. Morgan Securities
|
| Distribution: | Rule 144A/Regulation S
|
| Trade date: | Jan. 6
|
| Settlement date: | Jan. 13
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
|
|
| Three-year notes
|
| Amount: | $500 million
|
| Maturity: | Jan. 11, 2013
|
| Coupon: | 2.4%
|
| Price: | 99.925
|
| Yield: | 2.426%
|
| Spread: | Treasuries plus 87.5 bps
|
|
|
| Five-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Jan. 13, 2015
|
| Coupon: | 3.7%
|
| Price: | 99.819
|
| Yield: | 3.74%
|
| Spread: | Treasuries plus 115 bps
|
|
|
| 10-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Jan. 13, 2020
|
| Coupon: | 5.2%
|
| Price: | 99.845
|
| Spread: | Treasuries plus 130 bps
|
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