By Cristal Cody
Tupelo, Miss., May 15 – Australia and New Zealand Banking Group Ltd. and Australia and New Zealand Banking Group Ltd., New York Branch sold $2 billion of fixed-and floating-rate notes (Aa2/AA-/) in four tranches on Monday, according to a market source.
ANZ Banking Group priced $600 million of 2.125% notes due Aug. 19, 2020 at a spread of Treasuries plus 73 basis points.
The company sold $500 million of 2.625% notes due May 19, 2022 at a spread of 78 bps over Treasuries.
ANZ Banking Group, New York Branch priced $400 million of floating-rate notes due Aug. 19, 2020 at Libor plus 50 bps.
ANZ Banking Group, New York Branch also sold $500 million of floating-rate notes due May 19, 2022 at Libor plus 71 bps.
ANZ Securities Inc., Citigroup Global Markets Inc., Goldman, Sachs & Co. and Morgan Stanley & Co. LLC were the lead managers.
The New York-based corporate and investment banking company is a subsidiary of Australia & New Zealand Banking Group Ltd.
| Issuer: | Australia and New Zealand Banking Group Ltd. and Australia and New Zealand Banking Group Ltd., New York Branch
|
| Amount: | $2 billion
|
| Description: | Fixed- and floating-rate notes
|
| Bookrunners: | ANZ Securities Inc., Citigroup Global Markets Inc., Goldman, Sachs & Co. and Morgan Stanley & Co. LLC
|
| Trade date: | May 15
|
| Ratings: | Moody’s: Aa2
|
| S&P: AA-
|
|
|
| Three-year notes
|
| Issuer: | ANZ Banking Group
|
| Amount: | $600 million
|
| Maturity: | Aug. 19, 2020
|
| Coupon: | 2.125%
|
| Spread: | Treasuries plus 73 bps
|
|
|
| Five-year notes
|
| Issuer: | ANZ Banking Group
|
| Amount: | $500 million
|
| Maturity: | May 19, 2022
|
| Coupon: | 2.625%
|
| Spread: | Treasuries plus 78 bps
|
|
|
| Three-year floaters
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| Issuer: | ANZ Banking Group, New York Branch
|
| Amount: | $400 million
|
| Maturity: | Aug. 19, 2020
|
| Coupon: | Libor plus 50 bps
|
|
|
| Five-year floaters
|
| Issuer: | ANZ Banking Group, New York Branch
|
| Amount: | $500 million
|
| Maturity: | May 19, 2022
|
|
|
| Coupon: | Libor plus 71 bps
|
|
|
|
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