By Cristal Cody
Eureka Springs, Ark., July 21 – ANZ New Zealand International Ltd. sold $1 billion of five-year notes in fixed- and floating-rate tranches on Thursday, according to a market source.
The company placed $250 million of five-year floating-rate notes at Libor plus 101 basis points.
ANZ New Zealand priced $750 million of 2.125% five-year notes at 105 bps over Treasuries. The fixed-rate notes priced tighter than talk in the Treasuries plus 110 bps area and tighter than initial guidance in the 120 bps over Treasuries area.
ANZ Securities Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC were the lead managers.
ANZ New Zealand is an Auckland, New Zealand-based funding arm of ANZ Bank New Zealand Ltd.
| Issuer: | ANZ New Zealand International Ltd.
|
| Amount: | $1 billion
|
| Description: | Notes
|
| Bookrunners: | ANZ Securities Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC
|
| Trade date: | July 21
|
| Ratings: | Moody’s: Aa3
|
| Standard & Poor’s: AA-
|
|
|
| Five-year floaters
|
| Amount: | $250 million
|
| Maturity: | July 28, 2021
|
| Coupon: | Libor plus 101 bps
|
|
|
| Five-year notes
|
| Amount: | $750 million
|
| Maturity: | July 28, 2021
|
| Coupon: | 2.125%
|
| Spread: | Treasuries plus 105 bps
|
| Price guidance: | Treasuries plus 110 bps area, tightened from Treasuries plus 120 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.
