By Cristal Cody
Tupelo, Miss., March 13 – ANZ New Zealand International Ltd. sold $750 million of 3.4% five-year senior notes (A1/AA-/AA-) on Tuesday at a spread of 100 basis points over Treasuries, according to a market source.
The notes were initially talked to price in the Treasuries plus 115 bps area.
ANZ Securities Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. 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: | $750 million
|
| Description: | Senior notes
|
| Maturity: | March 19, 2024
|
| Bookrunners: | ANZ Securities Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and RBC Capital Markets, LLC
|
| Coupon: | 3.4%
|
| Spread: | Treasuries plus 100 bps
|
| Trade date: | March 12
|
| Ratings: | Moody’s: A1
|
| S&P: AA-
|
| Fitch: AA-
|
| Price guidance: | Treasuries plus 115 bps area
|
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