By Marisa Wong and Cristal Cody
Los Angeles, Feb. 10 – ANZ Bank New Zealand International Ltd., London Branch sold $1 billion of notes in two tranches on Wednesday, according to a market source.
ANZ priced $500 million of floating-rate notes due Feb. 18, 2025 at SOFR plus 60 basis points.
The bank also priced $500 million of 2.166% notes due Feb. 18, 2025 at a spread of 57 bps over Treasuries. Initial price talk was in the Treasuries plus 80 bps area.
ANZ Securities, Citigroup, HSBC and TD Securities are the bookrunners.
The Auckland, New Zealand-based issuer is wholly owned by ANZ Bank New Zealand Ltd.
| Issuer: | ANZ Bank New Zealand International Ltd., London Branch
|
| Amount: | $1 billion
|
| Issue: | Notes
|
| Maturity: | Feb. 18, 2025
|
| Bookrunners: | ANZ Securities, Citigroup, HSBC and TD Securities
|
| Pricing date: | Feb. 9
|
|
|
| Floating tranche
|
| Amount: | $500 million
|
| Coupon: | SOFR plus 60 bps
|
| Initial price talk: | SOFR plus a spread
|
|
|
| Fixed-rate tranche
|
| Amount: | $500 million
|
| Coupon: | 2.166%
|
| Spread: | Treasuries plus 57 bps
|
| Initial price talk: | Treasuries plus 80 bps area
|
|
|
|
|
© 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.
