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SYDNEY, May 26 (Reuters) - ANZ National Bank Ltd, a unit of
Australia & New Zealand Banking Group Ltd (ANZ.AX), said it has
launched a fixed-rate bond issue of up to NZ$100 million ($79
million) and sold NZ$120 million of three-year floating rate
notes at 90 basis points over BKBM.
The new bond issue, due to price on Friday, can accept
unlimited oversubscriptions.
Investors have a choice of a two-year or six-year
maturities.
Preliminary price guidance is 68 basis points over swap for
a two-year issue and 117 basis points over swap for six-years,
according to a market source.
Settlement is scheduled for June 9 and the proceeds will be
used for ongoing funding requirements.
ANZ, a part of ANZ National, is lead manager and organising
participant.
Details of the NZ$120 million issue are as follows:
Issuer: ANZ National Bank Ltd
Facility: Floating rate notes
Amount issued: NZ$120 million
Maturity: May 27, 2011
Set date: May 27
Coupon: +90 bps/BKBM
Margin: +90 bps/BKBM
Issue price: 100
Lead(s): ANZ
Issuer rating: AA (S&P), Aa2 (Moody's), AA- (Fitch)
($1=NZ$1.27)
(Reporting by Cecile Lefort)
