By Devika Patel
Knoxville, Tenn., June 21 – ANZ New Zealand International Ltd. offered further details about a $1 billion Rule 144A and Regulation S sale of 1.25% five-year notes (A1/AA-/A+) that priced at a spread of Treasuries plus 50 basis points on June 15, according to a market announcement.
The notes priced at 99.845 to yield 1.282%.
The notes were in the market with talk in the area of Treasuries plus 75 bps and will be guaranteed by ANZ Bank New Zealand Ltd.
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.
| Issuer: | ANZ New Zealand International Ltd.
|
| Guarantor: | ANZ Bank New Zealand Ltd.
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | June 22, 2026
|
| Bookrunners: | ANZ Bank, BofA Securities, Citigroup and Wells Fargo Securities
|
| Coupon: | 1.25%
|
| Price: | 99.845
|
| Yield: | 1.282%
|
| Spread: | Treasuries plus 50 bps
|
| Call: | Non-callable
|
| Trade date: | June 15
|
| Settlement date: | June 22
|
| Ratings: | Moody’s: A1
|
| S&P: AA-
|
| Fitch: A+
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Treasuries plus 75 bps
|
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