By Aleesia Forni
Virginia Beach, Nov. 9 – Australia and New Zealand Banking Group sold $3.25 billion of notes (Aa2/AA-/AA) in four parts during Monday’s session, a market source said.
There was $750 million of 2% three-year notes priced at Treasuries plus 80 basis points.
Guidance was in the Treasuries plus 80 bps to 85 bps, inside of initial talk set in the Treasuries plus low-90 bps area.
The company also priced $750 million of three-year floaters at par to yield Libor plus 75 bps.
A $1 billion 2.7% tranche of five-year notes sold at 100 bps over Treasuries.
The issue’s spread came at the tight side of guidance set in the range of Treasuries plus 100 bps to 105 bps after having tightened from talk in the Treasuries plus 110 bps area.
And $750 million of 3.7% 10-year notes sold with a spread of Treasuries plus 140 bps.
Price guidance was set in the range of Treasuries plus 140 bps to 145 bps. Initial talk was in the Treasuries plus 150 bps area.
Bookrunners were ANZ, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Goldman Sachs & Co.
The financial services company is based in Melbourne, Australia.
| Issuer: | Australia and New Zealand Banking Group
|
| Issue: | Notes
|
| Amount: | $3.25 billion
|
| Bookrunners: | ANZ, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Goldman Sachs & Co.
|
| Trade date: | Nov. 9
|
| Ratings: | Moody’s: Aa2
|
| Standard & Poor’s: AA-
|
| Fitch: AA
|
|
|
| Three-year notes
|
| Amount: | $750 million
|
| Maturity: | Nov. 16, 2018
|
| Coupon: | 2%
|
| Spread: | Treasuries plus 80 bps
|
| Price guidance: | Treasuries plus 80 bps to 85 bps, tightened from Treasuries plus low-90 bps area
|
|
|
| Three-year floaters
|
| Amount: | $750 million
|
| Maturity: | Nov. 16, 2018
|
| Coupon: | Libor plus 75 bps
|
| Price: | Par
|
| Yield: | Libor plus 75 bps
|
| Price guidance: | Libor equivalent to three-year fixed-rate notes
|
|
|
| Five-year notes
|
| Amount: | $1 billion
|
| Maturity: | Nov. 16, 2020
|
| Coupon: | 2.7%
|
| Spread: | Treasuries plus 100 bps
|
| Price guidance: | Treasuries plus 100 bps to 105 bps, tightened from Treasuries plus 110 bps area
|
|
|
| 10-year notes
|
| Amount: | $750 million
|
| Maturity: | Nov. 16, 2025
|
| Coupon: | 3.7%
|
| Spread: | Treasuries plus 140 bps
|
| Price guidance: | Treasuries plus 140 bps to 145 bps, tightened from Treasuries plus 150 bps area
|
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