By Andrea Heisinger
New York, Jan. 5 - ANZ Banking Group Ltd. sold an upsized $3 billion of notes (Aa1/AA/) in three parts late on Wednesday, an informed source said.
The size was increased from $2.75 billion, with the three-year floating-rate tranche upsized by $250 million.
That $1 billion tranche of three-year floaters priced at par to yield three-month Libor plus 74 basis points. That was tighter than talk in the Libor plus 80 bps area.
The second tranche was $1 billion of 2.125% three-year notes sold at 99.954 to yield 2.141% with a spread of Treasuries plus 102 bps. The notes priced at the tight end of guidance in the 105 bps area.
A final part was $1 billion of 4.875% 10-year notes priced at 99.757 to yield 4.906% with a spread of Treasuries plus 145 bps. The notes priced tighter than whispered talk in the 150 bps area and at the tight end of revised talk in the range of 145 bps to 150 bps.
The deal was done under Rule 144A.
Citigroup Global Markets Inc., ANZ Securities and Bank of America Merrill Lynch were the bookrunners.
The financial services company is based in Melbourne, Australia.
| Issuer: | ANZ Banking Group Ltd.
|
| Issue: | Notes
|
| Amount: | $3 billion, upsized from $2.75 billion
|
| Bookrunners: | Citigroup Global Markets Inc., ANZ Securities, Bank of America Merrill Lynch
|
| Distribution: | Rule 144A
|
| Trade date: | Jan. 5
|
| Settlement date: | Jan. 12
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
|
|
| Three-year floaters
|
| Amount: | $1 billion, increased from $750 million
|
| Maturity: | Jan. 10, 2014
|
| Coupon: | Three-month Libor plus 74 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 74 bps
|
| Price talk: | Libor plus 80 bps area
|
|
|
| Three-year fixed-rate notes
|
| Amount: | $1 billion
|
| Maturity: | Jan. 10, 2014
|
| Coupon: | 2.125%
|
| Price: | 99.954
|
| Yield: | 2.141%
|
| Spread: | Treasuries plus 102 bps
|
| Price talk: | 105 bps area
|
|
|
| 10-year notes
|
| Amount: | $1 billion
|
| Maturity: | Jan. 10, 2021
|
| Coupon: | 4.875%
|
| Price: | 99.757
|
| Yield: | 4.906%
|
| Spread: | Treasuries plus 145 bps
|
| Price talk: | 150 bps area (whispered), 145 to 150 bps (revised)
|
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