On March 16, ANZ New Zealand (ANZ NZ) (AA-/Aa3/AA-) priced a new dual-tranche domestic deal. An announcement lodged with the NZX on March 10, revealed the issuer was seeking to raise NZ$100 million (US$66.6 million) of March 2019 floating-rate notes (FRN) and the same volume of March 2021 fixed-rate bonds. The transactions are being targeted at institutional and retail investors in New Zealand, and ANZ NZ adds that it has the ability to accept unlimited oversubscriptions on both deals.