By Cristal Cody
Chicago, March 12 – Australia and New Zealand Banking Group Ltd., New York Branch priced $2.5 billion of notes in a two-part deal with both tranches sized at $1.25 billion and due in 2026 (Aa2/AA-), according to a market source.
A floating-rate note priced with a SOFR plus 56 basis points coupon.
The fixed-rate portion priced with a 5% coupon, or at Treasuries plus 47 bps. Price talk was in the Treasuries plus 70 bps area.
ANZ Bank, BofA Securities, Citigroup, Goldman Sachs, HSBC and RBC were the bookrunners.
The financial services company is based in Melbourne.
| Issuer: | Australia and New Zealand Banking Group Ltd., New York Branch
|
| Amount: | $2.5 billion
|
| Issue: | Notes
|
| Maturity: | March 18, 2026
|
| Bookrunners: | ANZ Bank, BofA Securities, Citigroup, Goldman Sachs, HSBC and RBC
|
| Trade date: | March 11
|
| Ratings: | Moody’s: Aa2
|
| S&P: AA-
|
|
|
| Floaters
|
| Amount: | $1.25 billion
|
| Issue: | Floating-rate notes
|
| Coupon: | SOFR plus 56 bps
|
| Price talk: | SOFR plus equivalent spread
|
|
|
| Fixed-rate notes
|
| Amount: | $1.25 billion
|
| Coupon: | 5%
|
| Spread: | Treasuries plus 47 bps
|
| Price talk: | Treasuries plus 70 bps area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
