ANZ prices A$1 billion 15NC10 tier-two deal

Monday, 06 February 2023

Issuer name: ANZ
Issuer rating: AA-/Aa3/A+
Issue rating: BBB+/Baa1/A-
Pricing date: 6 February 2023
Settlement date: 10 February 2023
Maturity date: 10 February 2038
Lead managers: ANZ

Transaction type: tier-two subordinated bond
Volume: A$1 billion (US$694.2 million)
Total outstanding in the line: A$1 billion
Coupon type: fixed-to-FRN
Coupon rate: 6.736%
Issue/re-offer price: 100%
Issue yield: 6.736%
Margin: 280bp/s-a swaps