By Cristal Cody
Prospect News, April 14 - Australia and New Zealand Banking Group Ltd. sold C$250 million 4% Maple bonds due April 28, 2016 at 99.548 to yield 4.101% on Thursday, an informed source said.
The bonds (Aa1/AA/) priced at a spread of 138 basis points over the Canadian bond curve, in line with guidance.
The deal was upsized from C$200 million.
TD Securities Inc., RBC Capital Markets Corp. and CIBC World Markets Inc. were the lead managers.
The notes are non-callable.
The notes were issued under a Canadian private placement wrap under ANZ's June 30, 2010 euro medium-term note program. The bonds were eligible for sale in Canada, Europe and Asia.
The financial services company is based in Docklands, Australia.
| Issuer: | Australia and New Zealand Banking Group Ltd.
|
| Amount: | C$250 million, increased from C$200 million
|
| Maturity: | April 28, 2016
|
| Securities: | Maple bonds
|
| Bookrunners: | TD Securities Inc., RBC Capital Markets Corp., CIBC World Markets Inc.
|
| Coupon: | 4%
|
| Price: | 99.548
|
| Yield: | 4.101%
|
| Spread: | 138 bps over Canadian bond curve
|
| Call feature: | Non-callable
|
| Pricing date: | April 14
|
| Settlement date: | April 28
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
| Distribution: | Canada, Europe, Asia
|
| Price talk: | 138 bps over Canadian bond curve
|
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