By Marisa Wong and Cristal Cody
Los Angeles, Jan. 31 – Bank of New Zealand priced $850 million of 4.846% five-year notes with a spread of 118 basis points over Treasuries on Monday, according to a market source.
Initial price talk was in the Treasuries plus 140 bps area. Guidance was in the Treasuries plus 120 bps area, plus or minus 2 bps.
NAB, Citi, JPMorgan and RBC are the bookrunners.
The bank is based in Auckland, New Zealand.
| Issuer: | Bank of New Zealand
|
| Amount: | $850 million
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| Issue: | Notes
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| Maturity: | Feb. 7, 2028
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| Bookrunners: | NAB, Citi, JPMorgan and RBC
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| Coupon: | 4.846%
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| Spread: | Treasuries plus 118 bps
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| Pricing date: | Jan. 30
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| Initial price talk: | Treasuries plus 140 bps area
|
| Guidance: | Treasuries plus 120 bps area, plus or minus 2 bps
|
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