SYDNEY, March 19 (Reuters) - National Australia Bank
sold A$2 billion ($1.32 billion) of three-year
government-guaranteed bonds to around 40 investors, the bank said
on Thursday.
The issue, which paid 60 basis points over the bank-bill swap rate, was slightly oversubscribed and some investors were scaled back at the final price.
Around 90 percent was placed in Australia, with the rest mostly sold in Japan, Hong Kong and Europe.
More than half, or 60 percent, was placed with fund managers.
Deal details are as follows:
Issuer: National Australia Bank (NAB)
Facility: Guaranteed fixed and floating rate notes
Guarantor: Commonwealth of Australia
Amount issued: A$2 billion
Maturity: March 26, 2012
Set date: March 26
Lead: NAB
Issue ratings: AAA (S&P), Aaa (Moody's)
Tranche: Fixed FRN
Amount: A$1 bln A$1 bln
Coupon: 4.25% +60bp/BBSW
Yield: 4.18% +60bp/BBSW
Spread: +60bp/swap +60bp/BBSW
+99bp/2012 gov. bonds
Issue price 100.195 100
($1=1.516 Australian Dollar)
(Reporting by Cecile Lefort) Keywords: NAB/BONDS (cecile.lefort@reuters.com; +612-9373-1234; Reuters Messaging: cecile.lefort.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The issue, which paid 60 basis points over the bank-bill swap rate, was slightly oversubscribed and some investors were scaled back at the final price.
Around 90 percent was placed in Australia, with the rest mostly sold in Japan, Hong Kong and Europe.
More than half, or 60 percent, was placed with fund managers.
Deal details are as follows:
Issuer: National Australia Bank (NAB)
Facility: Guaranteed fixed and floating rate notes
Guarantor: Commonwealth of Australia
Amount issued: A$2 billion
Maturity: March 26, 2012
Set date: March 26
Lead: NAB
Issue ratings: AAA (S&P), Aaa (Moody's)
Tranche: Fixed FRN
Amount: A$1 bln A$1 bln
Coupon: 4.25% +60bp/BBSW
Yield: 4.18% +60bp/BBSW
Spread: +60bp/swap +60bp/BBSW
+99bp/2012 gov. bonds
Issue price 100.195 100
($1=1.516 Australian Dollar)
(Reporting by Cecile Lefort) Keywords: NAB/BONDS (cecile.lefort@reuters.com; +612-9373-1234; Reuters Messaging: cecile.lefort.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.