ASB Bank releases talk for two-part offering of notes due 2026, 2031

By Cristal Cody

Chicago, Oct. 18 – ASB Bank Ltd. is marketing a two-part offering of notes on Monday, a market source reported.

The Auckland, New Zealand-based issuer is planning a series due Oct. 22, 2026 with a spread in the Treasuries plus 80 basis points area and a tranche of notes due Oct. 22, 2031 with a spread in the area of 105 bps over Treasuries.

Citigroup, Commonwealth Bank of Australia, JPMorgan and TD Securities are arranging the sale.

ASB Bank is a subsidiary of the Commonwealth Bank of Australia.

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