By Cristal Cody
Tupelo, Miss., Jan. 27 – ANZ New Zealand Ltd. priced $1.25 billion of senior notes (Aa3/AA-/AA-) in two tranches on Wednesday, according to a market source.
The company sold $750 million of 2.25% three-year notes at 99.991 to yield 2.253%. The notes due Feb. 1, 2019 priced with a spread of 115 basis points over Treasuries.
ANZ also sold $500 million of 2.75% five-year notes at 99.893 to yield 2.773%. The notes due Feb. 3, 2021 priced at a spread of 130 bps over Treasuries.
ANZ Securities, Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC were the bookrunners.
ANZ New Zealand is a Wellington, New Zealand-based financial services group and subsidiary of Australia and New Zealand Banking Group Ltd. of Australia.
| Issuer: | ANZ New Zealand Ltd.
|
| Securities: | Senior notes
|
| Amount: | $1.25 billion
|
| Bookrunners: | Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, ANZ Securities, Inc.
|
| Trade date: | Jan. 27
|
| Ratings: | Moody’s: Aa3
|
| Standard & Poor’s: AA-
|
| Fitch: AA-
|
|
|
| Three-year notes
|
| Amount: | $750 million
|
| Maturity: | Feb. 1, 2019
|
| Coupon: | 2.25%
|
| Price: | 99.991
|
| Yield: | 2.253%
|
| Spread: | 115 bps over Treasuries
|
|
|
| Five-year notes
|
| Amount: | $500 million
|
| Maturity: | Feb. 3, 2021
|
| Coupon: | 2.75%
|
| Price: | 99.893
|
| Yield: | 2.773%
|
| Spread: | 130 bps over Treasuries
|
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