By Cristal Cody
Eureka Springs, Ark., July 11 – Australia and New Zealand Banking Group, Ltd. priced $1.5 billion of notes (Aa2/AA-/AA-) in two parts, including a reopening, on Monday, according to a market source.
The company sold $1 billion of 1.6% three-year notes at Treasuries plus 85 bps, in line with guidance in the 85 bps area.
The bank priced $500 million in a tap of its 2.3% notes due June 1, 2021 at 97 bps over Treasuries, compared to talk in the 100 bps area, plus or minus 3 bps. The total outstanding for the issue is $1.35 billion.
ANZ Securities Inc., BofA Merrill Lynch, Goldman Sachs & Co. and RBC Capital Markets LLC were the lead managers.
The financial services company is based in Melbourne.
| Issuer: | Australia and New Zealand Banking Group, Ltd.
|
| Amount: | $1.5 billion
|
| Description: | Notes
|
| Bookrunners: | ANZ Securities Inc., BofA Merrill Lynch, Goldman Sachs & Co., RBC Capital Markets LLC
|
| Trade date: | July 11
|
| Ratings: | Moody’s: Aa2
|
| S&P: AA-
|
| Fitch: AA-
|
|
|
| Three-year notes
|
| Amount: | $1 billion
|
| Maturity: | July 15, 2019
|
| Coupon: | 1.6%
|
| Spread: | Treasuries plus 85 bps
|
| Price guidance: | Treasuries plus 85 bps area
|
|
|
| Five-year notes
|
| Amount: | $500 million reopening
|
| Maturity: | June 1, 2021
|
| Coupon: | 2.3%
|
| Spread: | Treasuries plus 97 bps
|
| Price guidance: | Treasuries plus 100 bps area, plus or minus 3 bps
|
| Total outstanding: | $1.35 billion
|
© 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.
