ANZ prints A$900 million 12NC7 tier-two deal

Issuer name: ANZ Banking Group
Issuer rating: AA-/Aa3/A+
Issue rating: BBB+/Baa1/A-
Pricing date: 13 September 2022
Settlement date: 20 September 2022
Maturity date: 20 September 2034
Lead managers: ANZ

Transaction type: tier-two bond
Volume: A$900 million (US$619.2 million)
Total outstanding in the line: A$900 million
Coupon type: fixed-to-FRN
Coupon rate: 6.405%
Issue/re-offer price: par
Issue yield: 6.405%
Margin: 260bp/s-q swap