Published on 5/19/2021 in the Prospect News Investment Grade Daily.
New Issue: ASB Finance sells $200 million 1.9% seven-year guaranteed notes
By Devika Patel
Knoxville, Tenn., May 19 – ASB Finance Ltd. priced $200 million of 1.9% seven-year notes at par, according to a market source.
The notes will be guaranteed by ASB Bank Ltd.
ASB Finance raises funds from offshore institutional debt markets to fund operations of ASB Bank, an Auckland, New Zealand-based subsidiary of the Commonwealth Bank of Australia.
| Issuer: | ASB Finance Ltd.
|
| Guarantor: | ASB Bank Ltd.
|
| Amount: | $200 million
|
| Description: | Notes
|
| Maturity: | May 19, 2028
|
| Coupon: | 1.9%
|
| Price: | Par
|
| Announcement date: | May 19
|
|
|
|
|
© 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.
