By William Gullotti and Cristal Cody
Buffalo, N.Y., Jan. 24 – Bank of New Zealand priced $750 million of 5.076% five-year notes with a spread of 103 basis points over Treasuries, according to information provided by a market source.
Price talk was in the Treasuries plus 125 bps area, revised from the Treasuries plus 130 bps area.
BofA, Citigroup, HSBC, Morgan Stanley and National Australia Bank are the bookrunners.
The bank is based in Auckland, New Zealand.
| Issuer: | Bank of New Zealand
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| Amount: | $750 million
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| Issue: | Notes
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| Maturity: | Jan. 30, 2029
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| Bookrunners: | BofA, Citigroup, HSBC, Morgan Stanley and National Australia Bank
|
| Coupon: | 5.076%
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| Spread: | Treasuries plus 103 bps
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| Pricing date: | Jan. 23
|
| Initial price talk: | Treasuries plus 125 bps area, revised from Treasuries plus 130 bps area
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