By Andrea Heisinger
New York, July 30 - ANZ National International Ltd. priced $1 billion of New Zealand government-guaranteed notes (Aaa/AA+/AA+) in two tranches Thursday, a market source said.
The $500 million of two-year floating-rate notes priced at par to yield three-month Libor plus 18 basis points.
The company also reopened its 3.25% bonds due 2012 to add $500 million. They priced at 102.46 to yield 2.289% with a spread of Treasuries plus 58 bps.
Both tranches are non-callable.
Bookrunners were ANZ Securities, Citigroup Global Markets and RBC Capital Markets.
The financial services company is based in Wellington, New Zealand.
| Issuer: | ANZ National International Ltd.
|
| Issue: | Notes, guaranteed by New Zealand government
|
| Amount: | $1 billion
|
| Bookrunners: | ANZ, Citigroup Global Markets, RBC Capital Markets
|
| Trade date: | July 30
|
| Settlement date: | Aug. 6
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
|
|
| Two-year floaters
|
| Amount: | $500 million
|
| Maturity: | Aug. 5, 2011
|
| Coupon: | Three-month Libor plus 18 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 18 bps
|
| Call: | Non-callable
|
|
|
| Notes due 2012
|
| Amount: | $500 million, reopened
|
| Maturity: | April 2, 2012
|
| Coupon: | 3.25% |
|
| Price: | 102.46
|
| Yield: | 2.289%
|
| Spread: | Treasuries plus 58 bps
|
| Call: | Non-callable
|
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