By Aleesia Forni and Andrea Heisinger
New York, Feb. 6 - Australia and New Zealand Banking Group Ltd. priced an upsized $1.25 billion offering of 0.9% three-year notes (Aa2/AA-/) on Wednesday to yield Treasuries plus 57 basis points, according to a market source.
The size was increased from $750 million, the source said.
Pricing was at 99.891 to yield 0.937%. The notes are non-callable.
Citigroup Global Markets Inc., Goldman Sachs & Co. and ANZ were the bookrunners.
The financial services company is based in Melbourne, Australia.
| Issuer: | Australia and New Zealand Banking Group Ltd.
|
| Issue: | Notes
|
| Amount: | $1.25 billion, increased from $750 million
|
| Maturity: | Feb. 12, 2016
|
| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co., ANZ Securities
|
| Coupon: | 0.9%
|
| Price: | 99.891
|
| Yield: | 0.937%
|
| Spread: | Treasuries plus 57 bps
|
| Call: | Non-callable
|
| Trade date: | Feb. 6
|
| Settlement date: | Feb. 12
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
| Price talk: | 60 bps area
|
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