By Cristal Cody
Tupelo, Miss., May 11 – Australia and New Zealand Banking Group, Ltd. priced $1.25 billion of senior notes (Aa3/AA-/AA-) in fixed- and floating-rate tranches on Thursday, according to a market source.
The company sold $750 million of three-year floating-rate notes at Libor plus 46 basis points.
The bank priced $500 million of 3.3% three-year fixed notes at a spread of 65 bps over Treasuries.
Additional pricing terms were not immediately available.
The financial services company is based in Melbourne.
| Issuer: | Australia and New Zealand Banking Group, Ltd.
|
| Amount: | $1.25 billion
|
| Description: | Senior notes
|
| Trade date: | May 10
|
| Ratings: | Moody’s: Aa3
|
| S&P: AA-
|
| Fitch: AA-
|
|
|
| Three-year floaters
|
| Amount: | $750 million
|
| Maturity: | May 17, 2021
|
| Coupon: | Libor plus 46 bps
|
|
|
| Three-year notes
|
| Amount: | $500 million
|
| Maturity: | May 17, 2021
|
| Coupon: | 3.3%
|
| Spread: | Treasuries plus 65 bps
|
© 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.
