By Aleesia Forni
Virginia Beach, July 30 – ANZ Banking Group Ltd. priced a $750 million 2.85% five-year senior note on Tuesday with a spread of Treasuries plus 125 basis points, a market source said.
The issue (Aa3/AA-/AA-) sold at 99.917 to yield 2.868%.
Pricing was tight of initial talk set in the range of 130 bps to 135 bps over Treasuries.
ANZ, Goldman Sachs & Co., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC managed the Rule 144A and Regulation S sale.
The financial services company is based in Melbourne, Australia.
| Issuer: | ANZ Banking Group Ltd.
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| Amount: | $750 million
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| Description: | Senior notes
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| Maturity: | Aug. 6, 2020
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| Bookrunners: | ANZ, Goldman Sachs & Co., HSBC Securities, RBC Capital Markets LLC
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| Coupon: | 2.85%
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| Price: | 99.917
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| Yield: | 2.868%
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| Spread: | Treasuries plus 125 bps
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| Trade date: | July 30
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| Ratings: | Moody’s: Aa3
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| Standard & Poor’s: AA-
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| Fitch: AA-
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| Price talk: | Treasuries plus 130 bps to 135 bps
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| Distribution: | Rule 144A, Regulation S
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