ANZ Bank New Zealand wants at least $100M in five-year bond offer

Paul McBeth
Mon, 21 Aug 2017

By Paul McBeth Aug. 22 (BusinessDesk) - ANZ Bank New Zealand wants to raise at least $100 million by selling five-year bonds, which will have a lower interest rate than what it's offering term depositors.  The Auckland-based unit of Australia & New Zealand Banking Group has today opened an offer to sell unsecured, unsubordinated fixed rate bonds maturing on Sept. 1, 2022, with the capacity for unlimited oversubscriptions, it said in a statement. The bonds have an indicative margin above the five-year swap rate of 1.05-to-1.1 percent, w...

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