Australia & New Zealand Banking Group Ltd

  • 21 Jan 2005
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Rating: Aa3/AA-/AA-
Amount: A$100m
Maturity: 4 February 2008
Issue price: 101.125
Coupon: 5.5%
Launch date: Friday 14 January
Payment date: 4 February
Lead mgr: TD Securities

Bookrunner's comment:

This name works for investors in Europe and Asia. The Aussie dollar market continues to see strong investor flows, largely as it is offering 100bp over the US dollar equivalent.

Investors are looking at Australian dollars as one of a number of currencies to invest in to take advantage of attractive yields.

Market appraisal:

?...this has started to sell really well. Aussie dollar flows are good and there are a lot of redemptions up, particularly next month.

There is good support for issues in the market, which have not reached the maximum level. However, we declined the tap of the 5% BNG 2015 in Aussie dollars as issuance flows are strong.

ANZ is not the easiest credit to sell to retail investors in Benelux but its good rating will compensate.?

?...this deal will be fine, the pricing is fair.?

  • 21 Jan 2005

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 92.59 388 8.96%
2 Citi 85.30 278 8.25%
3 BofA Securities 63.15 265 6.11%
4 Barclays 58.01 223 5.61%
5 Deutsche Bank 55.74 184 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 60.87 123 14.06%
2 Credit Agricole CIB 28.59 93 6.60%
3 Santander 25.41 90 5.87%
4 JPMorgan 23.88 61 5.52%
5 UniCredit 21.51 103 4.97%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 2.07 11 10.42%
2 BofA Securities 1.40 6 7.01%
3 Citi 1.37 7 6.87%
4 Morgan Stanley 1.36 6 6.85%
5 JPMorgan 1.31 7 6.59%