New Issue: Australia's ANZ prices $800 million 4.5% tier 2 notes due 2024 at 180 bps spread

By Aleesia Forni

Virginia Beach, March 13 - ANZ Banking Group Ltd. sold $800 million of 4.5% Basel 3-compliant tier 2 notes due 2024 with a spread of 180 basis points over Treasuries, according to an informed source.

Pricing was at 99.864 to yield 4.517%.

The notes sold on top of talk, which was set at the tight end of original guidance.

Citigroup Global Markets Inc., Goldman Sachs & Co., ANZ and UBS Securities LLC are managing the sale.

The financial services company is based in Melbourne, Australia.

Issuer:	ANZ Banking Group Ltd.
Amount:	$800 million
Description:	Basel 3-compliant tier 2 notes
Maturity:	March 19, 2024
Bookrunners:	Citigroup Global Markets Inc., Goldman Sachs & Co., ANZ, UBS Securities LLC
Coupon:	4.5%
Price:	99.864
Yield:	4.517%
Spread:	Treasuries plus 180 bps
Price talk:	Treasuries plus 180 bps, tightened from Treasuries plus 180 bps to 185 bps
Trade date:	March 12
Settlement date:	March 18
Distribution:	Rule 144A, Regulation S

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