By Andrea Heisinger
New York, Dec. 9 - ANZ Banking Group priced $1.75 billion of notes backed by the Australian government in two tranches Tuesday, a market source said.
The notes were priced in the Rule 144A market.
The deal consisted of $500 million of two-year floating-rate notes priced at par to yield three-month Libor plus 70 basis points and $1.25 billion of three-year fixed-rate notes priced to yield Treasuries plus 211 bps.
The notes are non-callable.
Bookrunners were J.P. Morgan Securities Inc. and Banc of America Securities LLC.
The financial institution is based in Melbourne, Australia.
| Issuer: | ANZ Banking Group
|
| Issue: | Australian government-backed notes
|
| Total amount: | $1.75 billion
|
| Bookrunners: | J.P. Morgan Securities Inc., Banc of America Securities LLC
|
| Distribution: | Rule 144A
|
| Trade date: | Dec. 9
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
|
|
| Two-year floaters
|
| Amount: | $500 million
|
| Issue: | Floating-rate notes
|
| Maturity: | 2010
|
| Coupon: | Three-month Libor plus 70 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 70 bps
|
| Call: | Non-callable
|
|
|
| Three-year notes
|
| Amount: | $1.25 billion
|
| Issue: | Fixed-rate notes
|
| Maturity: | 2011
|
| Spread: | Treasuries plus 211 bps
|
| Call: | Non-callable
|
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