By Cristal Cody
Eureka Springs, Ark., Nov. 16 – Australia & New Zealand Banking Group sold $3 billion of fixed- and floating-rate notes (Aa3/AA-/) in four tranches on Wednesday through its New York branch, according to a market source.
The company priced $850 million of three-year floating-rate notes at Libor plus 66 basis points.
ANZ New Zealand sold $900 million of 2.05% three-year fixed-rate notes at a spread of 80 bps over Treasuries.
The $400 million tranche of five-year floating-rate notes priced at Libor plus 87 bps.
ANZ Banking Group sold $850 million of 2.55% five-year fixed-rate notes at a spread of 90 bps plus Treasuries.
ANZ Securities Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC and Wells Fargo Securities LLC were the lead managers.
The issuer is a corporate and investment banking company based in New York and a subsidiary of Australia & New Zealand Banking Group, a financial services company based in Melbourne, Australia.
| Issuer: | Australia & New Zealand Banking Group Ltd., New York Branch
|
| Amount: | $3 billion
|
| Description: | Fixed- and floating-rate notes
|
| Bookrunners: | ANZ Securities Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC and Wells Fargo Securities LLC
|
| Trade date: | Nov. 16
|
| Ratings: | Moody’s: Aa3
|
| S&P: AA-
|
|
|
| Three-year floaters
|
| Amount: | $850 million
|
| Maturity: | Sept. 23, 2019
|
| Coupon: | Libor plus 66 bps
|
|
|
| Three-year notes
|
| Amount: | $900 million
|
| Maturity: | Sept. 23, 2019
|
| Coupon: | 2.05%
|
| Spread: | Treasuries plus 80 bps
|
|
|
| Five-year floaters
|
| Amount: | $400 million
|
| Maturity: | Sept. 23, 2021
|
| Coupon: | Libor plus 87 bps
|
|
|
| Five-year notes
|
| Amount: | $850 million
|
| Maturity: | Sept. 23, 2021
|
| Coupon: | 2.55%
|
| Spread: | Treasuries plus 90 bps
|
|
|
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