ANZ's US$3 billion issue digs into 2013 funding target
On September 5, ANZ Banking Group (ANZ) (AA-/Aa2/AA-) successfully raised US$3 billion through a three-tranche deal – featuring senior unsecured and covered bonds – supported by an oversubscribed total order book of US$4.5 billion. The issuer says the size of the transaction allows the bank to meet part of its 2013 funding requirements before the end of the current financial year.Institutional demand backs Transpower's NZ$300 million dual-tranche issue
In an environment of limited domestic corporate supply, Transpower New Zealand (Transpower) (AA-/A1) upsized its senior notes issue, in two tranches, to NZ$300 million (US$240.3 million) from NZ$200 million at launch. The company also priced both tranches at the tight end of indicative margins on September 3, on the back of what the leads describe as strong institutional demand.CommBank sets margin on long-awaited new tier one offer [UPDATED]
Commonwealth Bank of Australia (CommBank) has announced the final margin for its tier one hybrid, Perls VI, at 380 basis points over bank bill swap rate. The offer was upsized to A$1.5 billion (US$1.57 billion) from its original projection of A$750 million. CommBank is the last of the big four banks to offer a retail deal under its own name in 2012, and lodged a prospectus for Perls IV on the Australian Securities Exchange (ASX) on September 3.
DEXUS prices A$100 million six year notes deal [UPDATED]
DEXUS Finance (DEXUS) (BBB+/Baa1) has priced a new A$100 million (US$102.7 million), six-year fixed rate transaction at a margin of 245 basis points area over swap. The deal, joint led by ANZ, National Australia Bank (NAB) and Westpac Institutional Bank, priced on the same day as the launch – September 3.ANZ National returns to domestic market with five-year launch
ANZ National Bank (ANZ National) (AA-/Aa3/AA-) launched a new five-year transaction in the domestic retail market on September 3, announcing its plans to place at least NZ$200 million (US$160.1 million) via the fixed-rate, self-led deal. The bank's previous public domestic deal came in March this year, when it sold NZ$250 million of seven-year notes.