(For the latest Australia and New Zealand bond news, double
click on [AU/CRD] and then double click on the ID number)
SYDNEY, April 16 (Reuters) - Australia's AMP Bank, a unit
of fund manager AMP Ltd (AMP.AX), and Commonwealth Bank of
Australia (CBA.AX) (CBA) have each sold A$100 million ($72
million) of three-year bonds backed by a government guarantee,
two market sources familiar with the terms said on Thursday.
The sources declined to be identified because they are not
authorised to speak to the media.
Australian banks have now raised more than A$74.5 billion
equivalent of funds, according to Deutsche Bank, under the
Australian government guarantee put in place in November last
year to help banks weather the crisis.
Most of the bonds were denominated in U.S. and Australian
dollars and are rated triple A by S&P and Moody's.
Deal details are as follows:
Issuer: AMP Bank Ltd CBA
Facility: Guaranteed notes Guaranteed notes
Guarantor: Australia Australia
Amount issued: A$100 mln A$100 mln
Maturity: Apr 17 2012 Apr 17 2012
Set date: Apr 17 Apr 17
Coupon: +73bp/3mBBSW +53bp/3mBBSW
Lead(s): CBA CBA
Issue ratings: AAA/Aaa AAA/Aaa
Issuer ratings: A/A2 AA/Aa1
($1=1.380 Australian Dollar)
(Reporting by Cecile Lefort)
