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Published on 6/15/2021 in the Prospect News Investment Grade Daily.

New Issue: ANZ Bank sells $1 billion 1.25% five-year notes at 50 bps spread

By Cristal Cody

Chicago, June 15 – ANZ New Zealand International Ltd. sold $1 billion of 1.25% five-year notes at a spread of Treasuries plus 50 basis points, a market source reported.

The notes, sold Tuesday, were in the market with talk in the area of Treasuries plus 75 bps.

ANZ Bank, BofA Securities, Citigroup and Wells Fargo Securities were bookrunners for the notes.

ANZ New Zealand International is a subsidiary of Wellington, New Zealand-based ANZ Bank New Zealand Ltd.

Issuer:ANZ New Zealand International Ltd.
Issue:Notes
Amount:$1 billion
Maturity:June 22, 2026
Bookrunners:ANZ Bank, BofA Securities, Citigroup and Wells Fargo Securities
Coupon:1.25%
Spread:Treasuries plus 50 bps
Trade date:June 15
Price talk:Treasuries plus 75 bps

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