By Cristal Cody
Tupelo, Miss., Dec. 12 – Australia and New Zealand Banking Group, Ltd. priced $650 million of two-year notes (Aa3/AA-/AA-) in fixed- and floating-rate tranches on Tuesday, according to a market source.
The company sold $250 million of notes due Dec. 19, 2019 at Libor plus 25 basis points.
The bank priced $400 million of 2.25% two-year notes at a spread of 45 bps over Treasuries.
ANZ Securities Inc., BofA Merrill Lynch and Citigroup Global Markets Inc. were the lead managers.
The financial services company is based in Melbourne.
| Issuer: | Australia and New Zealand Banking Group, Ltd.
|
| Amount: | $650 million
|
| Description: | Notes
|
| Bookrunners: | ANZ Securities Inc., BofA Merrill Lynch and Citigroup Global Markets Inc.
|
| Trade date: | Dec. 12
|
| Ratings: | Moody’s: Aa3
|
| S&P: AA-
|
| Fitch: AA-
|
|
|
| Two-year floaters
|
| Amount: | $250 million
|
| Maturity: | Dec. 19, 2019
|
| Coupon: | Libor plus 25 bps
|
|
|
| Two-year notes
|
| Amount: | $400 million
|
| Maturity: | Dec. 19, 2019
|
| Coupon: | 2.25%
|
| Spread: | Treasuries plus 45 bps
|
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