ANZ, NAB open dollar bond market for Aussie banks

07 Jan 2010

Australia and New Zealand Banking Group (ANZ) and National Australia Bank (NAB) opened the international markets for Australian borrowers with a bang this week, raising a combined $4.75bn in two well-received bond issues.

NAB was first out of the door, raising $1.75bn from a three year deal on Monday. HSBC and Merrill Lynch arranged the deal, split between a $1.25bn fixed rate tranche paying a 2.5% coupon to yield 87.5bp over Treasuries — at the tight end of guidance set between ...

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