ASB Bank adds NZ$230 mln to 2014 bond issue

Tue Sep 15, 2009 12:43am EDT

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 SYDNEY, Sept 15 (Reuters) - New Zealand's ASB Bank, a unit
of Commonwealth Bank of Australia (CBA.AX), has added NZ$230
million ($161.3 million) to a five-year issue at 125 basis
points over mid-swap, it said on Tuesday.
  Deal details are as follows:
  Issuer:         ASB Bank Ltd
  Amount:         NZ$230 million
  New total:      NZ$500 million
  Facility:       Unsubordinated fixed rate notes increase
  Maturity:       Sept. 17, 2014
  Set date:       Sept. 17
  Coupon:         8.22%
  Yield:          6.505%
  Spread:         +125 basis points over mid-swap
  Issue price:    107.221288135
  Lead(s):        ASB Bank
  Issuer rating:  AA (S&P), Aa2 (Moody's)
 (Reporting by Cecile Lefort)

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