ANZ to issue NZ$ 2- or 6-year fixed rate notes

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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)