ANZ adds A$250 mln 2013 notes at 110bp/swap-source

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SYDNEY, April 30 (Reuters) - Australia & New Zealand
Banking Group (ANZ.AX: Quote, Profile, Research, Stock Buzz) (ANZ) has added A$250 million ($233
million) to its 2013 bonds, bringing the total issue size to
A$1.75 billion, a market source said.

The bonds pay a margin of 110 basis points over swap.

The initial offer, priced on April 16, consisted of A$1.35
billion in fixed and floating rate notes at 128 basis points
over swap and BBSW.

This is the second increase in two weeks and one of the
largest bond issues sold in Australia this year.

The fixed tranche amounts to A$1.230 billion, while the
floating rate tranche has A$250 million.

ANZ declined to comment.

The deal details are as follows:

Issuer: ANZ

Facility: Fixed transferable deposit increase

Law: Australia

Amount issued: A$250 million

New total: A$1.230 billion

Maturity: April 22, 2013

Set date: undisclosed

Coupon: 8.50%

Spread: 110 basis points over swap

Issue price: undisclosed

Lead: ANZ

Issuer rating: AA (S&P), Aa1 (Moody's)
($1=A$1.07)
(Reporting by Cecile Lefort)