ANZ NZ launches three-year domestic FRN

ANZ New Zealand (ANZ NZ) (AA-/A1/AA-) launched a new, indicative NZ$100 million (US$70.2 million), three-year floating rate note (FRN) on 14 December. Indicative price guidance on the forthcoming transaction is 70-73 basis points area over three-month bank bills. The self-led deal is expected to price the day after launch.