By Aleesia Forni
Virginia Beach, Jan. 12 – Australia and New Zealand Banking Group Ltd. priced $1.1 billion of three-year senior notes (Aa2/AA-/) in fixed- and floating-rate tranches on Monday, a market source said.
There was $500 million of floaters priced at par to yield Libor plus 44 basis points.
A second tranche was $600 million of 1.5% notes priced with a spread of Treasuries plus 65 bps. Pricing was at 99.895 to yield 1.536%.
The notes sold at the tight end of talk.
The bookrunners were ANZ, Citigroup Global Markets Inc., Goldman Sachs & Co. and RBC Capital Markets LLC.
The financial services company is based in Melbourne, Australia.
| Issuer: | Australia and New Zealand Banking Group Ltd.
|
| Issue: | Senior notes
|
| Amount: | $1.1 billion
|
| Bookrunners: | ANZ, Citigroup Global Markets Inc., Goldman Sachs & Co., RBC Capital Markets LLC
|
| Trade date: | Jan. 12
|
| Settlement date: | Jan. 16
|
| Ratings: | Moody’s: Aa2
|
| Standard & Poor’s: AA-
|
| Distribution: | Rule 144A, Regulation S
|
|
|
| Three-year floaters
|
| Amount: | $500 million
|
| Maturity: | Jan. 16, 2018
|
| Coupon: | Libor plus 44 bps
|
| Price: | Par
|
| Yield: | Libor plus 44 bps
|
| Price talk: | Libor equivalent to three-year notes
|
|
|
| Three-year fixed-rate notes
|
| Amount: | $600 million
|
| Maturity: | Jan. 16, 2018
|
| Coupon: | 1.5%
|
| Price: | 99.895
|
| Yield: | 1.536%
|
| Spread: | Treasuries plus 65 bps
|
| Price talk: | 70 bps area
|
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