By Cristal Cody
Tupelo, Miss., Jan. 16 – ANZ New Zealand (International) Ltd. sold $1.5 billion of senior notes (A1/AA-/AA-) in two tranches on Tuesday, according to a market source.
The company priced $1 billion of 2.75% three-year notes at a spread of Treasuries plus 63 basis points, on the tight side of talk in the Treasuries plus 65 bps area.
ANZ New Zealand priced $500 million of 3.45% 10-year notes on top of guidance at a Treasuries plus 95 bps spread.
ANZ Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBC Capital Markets, 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: | $1.5 billion
|
| Description: | Senior notes
|
| Bookrunners: | ANZ Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBC Capital Markets, LLC
|
| Trade date: | Jan. 16
|
| Ratings: | Moody’s: A1
|
| S&P: AA-
|
| Fitch: AA-
|
|
|
| Three-year notes
|
| Amount: | $1 billion
|
| Maturity: | Jan. 22, 2021
|
| Coupon: | 2.75%
|
| Spread: | Treasuries plus 63 bps
|
| Price guidance: | Treasuries plus 65 bps area
|
|
|
| 10-year notes
|
| Amount: | $500 million
|
| Maturity: | Jan. 22, 2028
|
| Coupon: | 3.45%
|
| Spread: | Treasuries plus 95 bps
|
| Price guidance: | Treasuries plus 95 bps
|
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