By Cristal Cody
Tupelo, Miss., Feb. 6 – ANZ New Zealand International Ltd. priced a $1.5 billion two-part offering of senior notes (A1/AA-/AA-) on Thursday, according to a market source.
A $750 million tranche of 1.9% three-year notes priced at a spread of Treasuries plus 48 basis points.
Initial price talk was in the Treasuries plus 60 bps area, revised from the 65 bps area.
ANZ New Zealand sold $750 million of 2.55% 10-year notes with a Treasuries plus 93 bps spread. The notes were talked to price in the Treasuries plus 110 bps area, 5 bps tighter than initial guidance.
ANZ Securities Inc., BofA Securities, Inc., Citigroup Global Markets Inc. 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., BofA Securities, Inc., Citigroup Global Markets Inc. and RBC Capital Markets, LLC
|
| Trade date: | Feb. 6
|
| Ratings: | Moody’s: A1
|
| S&P: AA-
|
| Fitch: AA-
|
|
|
| Three-year notes
|
| Amount: | $750 million
|
| Maturity: | Feb. 13, 2023
|
| Coupon: | 1.9%
|
| Spread: | Treasuries plus 48 bps
|
| Price guidance: | Treasuries plus 60 bps area, revised from 65 bps area
|
|
|
| 10-year notes
|
| Amount: | $750 million
|
| Maturity: | Feb. 13, 2030
|
| Coupon: | 2.55%
|
| Spread: | Treasuries plus 93 bps
|
| Price guidance: | Treasuries plus 110 bps area, revised from 115 bps area
|
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