By Cristal Cody
Tupelo, Miss., July 11 – ANZ New Zealand International Ltd. sold $1 billion of senior notes (A1/AA-/AA-) in two tranches on Tuesday, according to a market source.
The company placed $500 million of 2.2% three-year notes at a spread of Treasuries plus 70 basis points, on the tight side of talk in the Treasuries plus 75 bps area, plus or minus 5 bps.
ANZ New Zealand priced $500 million of 3.45% 10-year notes with a Treasuries plus 112 bps spread. The notes were talked to price in the Treasuries plus 115 bps area, plus or minus 3 bps.
ANZ Securities Inc., BofA Merrill Lynch, J.P. Morgan Securities LLC and RBC Capital Markets, LLC were the lead managers.
ANZ New Zealand is an Auckland, New Zealand-based funding arm of ANZ Bank New Zealand Ltd.
| Issuer: | ANZ New Zealand International Ltd.
|
| Amount: | $1 billion
|
| Description: | Senior notes
|
| Bookrunners: | ANZ Securities Inc., BofA Merrill Lynch, J.P. Morgan Securities LLC and RBC Capital Markets, LLC
|
| Trade date: | July 11
|
| Ratings: | Moody’s: A1
|
| S&P: AA-
|
| Fitch: AA-
|
|
|
| Three-year notes
|
| Amount: | $500 million
|
| Maturity: | July 18, 2020
|
| Coupon: | 2.2%
|
| Spread: | Treasuries plus 70 bps
|
| Price guidance: | Treasuries plus 75 bps area, plus or minus 5 bps
|
|
|
| 10-year notes
|
| Amount: | $500 million
|
| Maturity: | July 18, 2027
|
| Coupon: | 3.45%
|
| Spread: | Treasuries plus 112 bps
|
| Price guidance: | Treasuries plus 115 bps area, plus or minus 3 bps
|
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