By Mary-Katherine Stinson
Lexington, Ky., June 13 – Australia and New Zealand Banking Group Ltd. sold $100 million of floaters which mature on the interest date closest to Sept. 16, 2024 (Aa3/AA-), according to a final term sheet.
The Regulation S notes priced at par and will bear interest at SOFR plus 48 basis points.
The notes are non-callable.
Australia and New Zealand Banking Group Ltd. was the dealer.
The notes were issued under the bank’s $60 billion euro medium-term note program.
The issuer is a Melbourne-based financial services company.
| Issuer: | Australia and New Zealand Banking Group Ltd.
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| Amount: | $100 million
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| Issue: | Floating-rate notes, series 2095
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| Maturity: | Sept. 16, 2024
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| Dealer: | Australia and New Zealand Banking Group Ltd.
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| Coupon: | SOFR plus 48 bps
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| Price: | Par
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| Yield: | SOFR plus 48 bps
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| Call features: | Non-callable
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| Trade date: | June 13
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| Settlement date: | June 16
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| Ratings: | Moody’s: Aa3
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| S&P: AA-
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| Distribution: | Regulation S
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| ISIN: | XS2636626363
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