By Lisa Kerner
Charlotte, N.C., May 19 – Australia and New Zealand Banking Group Ltd. priced $1.5 billion of 4.4% subordinated notes due May 2026 at 99.952, according to a market source.
Bookrunners were ANZ Securities, Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC.
The subordinated notes convert into fully paid ordinary shares of the issuer up to a maximum of 54,644.8087 ordinary shares per subordinated note.
The notes were sold under the company’s $25 billion debt program.
The financial services company is based in Melbourne, Australia.
| Issuer: | Australia and New Zealand Banking Group Ltd.
|
| Amount: | $1.5 billion
|
| Description: | Subordinated notes
|
| Maturity: | May 19, 2026
|
| Bookrunners: | ANZ Securities, Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC
|
| Coupon: | 4.4%
|
| Price: | 99.952
|
| Trade date: | May 12
|
| Settlement date: | May 19
|
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