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