On January 9, Reuters announced a US$2.6 billion bond offering by the Australia and New Zealand…

On January 9, Reuters announced a US$2.6 billion bond offering by the Australia and New Zealand Banking Group. The following is reproduced from the announcement:

Issue:

US$2.6 bln 144a reg S 2, 3-year

The offer comprised US$1.9 bln

3-year at 100bp/swap and US$700

mln 2-yr at 70bp/Libor.

Participants:

45 investors.

For the 3-year tranche, 65% from

North America, 10% from Europe,

20% Asia, 10% others. For the

2-year tranche: 40% from North

America, 20% from Europe, 40% from Asia

Describe this bond offering.

 

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