Barclays Bank plc, Australia Branch (Aa3/AA-), has priced a new A$1.5 billion 3-year senior unsecured offering, split in two tranches.
The A$1 billion FRN tranche was priced at 3 month BBSW + 140 basis points, while A$500 million fixed tranche pays a coupon of 6.75 percent. Maturity date for the issue is 24 February 2014.
The deal was oversubscribed to a total of A$2.6 billion and priced at the tight end of initial guidance of 140 to 150 basis points over 3 month BBSW.
JLMs for the transaction are ANZ, Barclays Capital and NAB.
Barclays prices A$1.5 billion bond amid heavy demand