By William Gullotti and Cristal Cody
Buffalo, N.Y., June 27 – Australia and New Zealand Banking Group Ltd. priced a two-part note offering totaling $1.5 billion on Monday, according to information provided by a market source.
The bank priced $500 million of floaters with a three-year tenor at SOFR plus 75 basis points.
The second tranche of three-year notes, totaling $1 billion and carrying a fixed 5.375% coupon, priced at a spread of 65 bps over Treasuries, tight against talk in the 90 bps area.
ANZ Bank, BofA, RBC and Wells Fargo Securities are the bookrunners.
The financial services company is based in Melbourne.
| Issuer: | Australia and New Zealand Banking Group Ltd.
|
| Amount: | $1.5 billion
|
| Bookrunners: | ANZ Bank, BofA, RBC and Wells Fargo Securities
|
| Trade date: | June 26
|
|
|
| Floaters
|
| Amount: | $500 million
|
| Issue: | Floating-rate notes
|
| Maturity: | July 3, 2025
|
| Coupon: | SOFR plus 75 bps
|
| Price talk: | SOFR plus equivalent
|
|
|
| Fixed-rate notes
|
| Amount: | $1 billion
|
| Issue: | Notes
|
| Maturity: | July 3, 2025
|
| Coupon: | 5.375%
|
| Spread: | Treasuries plus 65 bps
|
| Price talk: | Treasuries plus 90 bps area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
