ANZ says adds A$150 mln to government-backed bonds

Mon Jan 12, 2009 10:41pm EST

 (For the latest Australia and New Zealand bond news, double
click on [AU/CRD] and then double click on the ID number)
 SYDNEY, Jan 13 (Reuters) - Australia & New Zealand Banking
Group (ANZ.AX) has added A$150 million ($103 million) to its
three-year government-backed floating rate note issue sold last
week, ANZ said on Tuesday.
 The increase offered the same terms as the initial offer
and brings the new issue total to A$3.4 billion.
 It now consists of A$800 million of three-year and A$2.6
billion in five-year notes.
 Australian banks are rushing to raise funds worldwide under
a new government guarantee to help them shore up their balance
sheets amid the global financial turmoil.
 Australia's move follows similar guarantees introduced in
other countries.
 Over US$26 billion in government-guaranteed bonds has been
raised by Australian banks since Dec. 10.
 For a summary of the major bond issues bonds, double-click
on [AU/DBT].
  Summary of the details are as follows:
  Issuer:         Australia & New Zealand Banking Group
  Facility:       Fixed and floating rate notes
  Amount issued:  A$3.4 billion
  Set date:       Jan. 16
  Bookrunner:     ANZ
  Issuer rating:  AAA (S&P), Aaa (Moody's), AA+ (Fitch)
  Tranche:        3yr FRN          5-yr fixed  5-yr FRN
  Amount:         A$800 mln        A$1.5 bln   A$1.1 bln
  Maturity:       16/01/12         16/01/14    16/01/14
  Coupon:         +85bp/3mBBSW     5.25%       +110bp/3mBBSW
  Yield:          +85bp/3mBBSW     5.35%       +110bp/3mBBSW
  Spread:         +85bp/3mBBSW     +110bp/swap +110bp/3mBBSW
  Issue price:    100              99.566      100
  Joint leads:    ANZ              ANZ/UBS     ANZ/UBS
  Co-managers:    HSBC             Citi        Citi
 ($1=1.46 Australian Dollars)
 (Reporting by Cecile Lefort)

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.