ANZ National raises NZ$135 mln via local bond issue

ANZ National said its issues of 2 and 6 year bonds had closed oversubscribed, with NZ$35 million of oversubscriptions accepted for the NZ$100 million bond offer. ANZ National said it would issue NZ$75 million worth of bonds maturing in June 2010 with a 7.17% coupon, while it would issue NZ$60 million worth of June 2014 bonds with a 7.77% coupon. The bonds issued were direct, unsecured and unsubordinated. * This article was first published exclusively yesterday in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.