ANZ limits Samurai bond to ¥180bn as funding costs rise

10 Feb 2009

Australia and New Zealand Banking Group sold ¥150bn ($1.6bn) of five year and ¥30bn of three year Samurai bonds on Tuesday after rising swap costs forced it to limit the size of the deal.

ANZ had been targeting a ¥200bn five year deal, as revealed by EuroWeek on Friday, but it scaled back that target to ¥150bn after movements in the cross currency swap market made it more expensive for ANZ to convert the proceeds into dollars. The retail offer was also ...

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