By Aleesia Forni
Virginia Beach, March 24 – ANZ New Zealand Ltd. priced $750 million of 1.75% three-year senior notes (Aa3/AA-/AA-) at Treasuries plus 85 basis points, an informed source said.
Pricing was on top of guidance. Initial talk was set in the area of 95 bps over Treasuries.
The notes sold at 99.988 to yield 1.754%.
The sale was done via Rule 144A and Regulation S.
The bookrunners were Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets LLC and ANZ.
ANZ is a financial services company based in Melbourne.
| Issuer: | ANZ New Zealand Ltd.
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| Issue: | Senior notes
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| Amount: | $750 million
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| Maturity: | March 29, 2018
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| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets LLC, ANZ
|
| Coupon: | 1.75%
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| Price: | 99.988
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| Yield: | 1.754%
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| Spread: | Treasuries plus 85 bps
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| Distribution: | Rule 144A, Regulation S
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| Trade date: | March 24
|
| Settlement date: | March 31
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
| Price guidance: | 85 bps, tightened from 95 bps area
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