ANZ's US$3 billion issue digs into 2013 funding target

On September 5, ANZ Banking Group (ANZ) (AA-/Aa2/AA-) successfully raised US$3 billion through a three-tranche deal – featuring senior unsecured and covered bonds – supported by an oversubscribed total order book of US$4.5 billion. The issuer says the size of the transaction allows the bank to meet part of its 2013 funding requirements before the end of the current financial year.