UDPATE 1-ANZ sells 2 bln euro 2013 bond to 180 investors

Tue May 6, 2008 9:54pm EDT
 
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 SYDNEY, May 7 (Reuters) - Australia and New Zealand Banking
Group Ltd (ANZ.AX), the country's fourth-biggest bank by market
capitalisation, said on Wednesday it has placed 2 billion euro
($3.1 billion) of 2013 notes with 180 accounts.
 UK-based investors dominated the book, followed by
investors from continental Europe.
 The bank, which did not give the exact breakdown details,
said investors were scaled back at the clearing price of 93
basis points over swap, despite it being reduced from the
initial margin of around 95 bps.
    Deal details are as follows:
 Borrower                 Australia and New Zealand Banking
                          Group Limited (ANZ.AX)
 Issue Amount             2.0 billion euro
 Maturity Date            May 20, 2013
 Coupon                   5.25 pct
 Issue price              99.85
 Reoffer price            99.85
 Spread                   93 basis points
 Underlying Govt bond     Over Mid-swaps, equivalent to
139.4
                          bp over the 3.5 pct April 2013 OBL
 Payment Date             May 20, 2008
 Lead Manager(s)          Barclays Bank & Credit Suisse
 Ratings                  Aa1 (Moody's), AA (S&P),
                          AA- (Fitch)
 Listing                  London
 Full fees                Undisclosed
 Denoms (K)               50-1
 Governing Law            English
 Negative pledge          Yes
 Cross Default            Yes
 Notes                    Launched under the issuer's EMTN
                          Programme




 
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