By Cristal Cody
Tupelo, Miss., May 11 – Australia and New Zealand Banking Group, Ltd. priced $1.25 billion of senior notes (Aa3/AA-/AA-) in fixed- and floating-rate tranches on Thursday, according to a market source.
The company sold $750 million of three-year floating-rate notes at Libor plus 46 basis points.
The bank priced $500 million of 3.3% three-year fixed notes at a spread of 65 bps over Treasuries.
Additional pricing terms were not immediately available.
The financial services company is based in Melbourne.
Issuer: | Australia and New Zealand Banking Group, Ltd.
|
Amount: | $1.25 billion
|
Description: | Senior notes
|
Trade date: | May 10
|
Ratings: | Moody’s: Aa3
|
| S&P: AA-
|
| Fitch: AA-
|
|
Three-year floaters
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Amount: | $750 million
|
Maturity: | May 17, 2021
|
Coupon: | Libor plus 46 bps
|
|
Three-year notes
|
Amount: | $500 million
|
Maturity: | May 17, 2021
|
Coupon: | 3.3%
|
Spread: | Treasuries plus 65 bps
|
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