The Wall Street Journal-20080111-New Securities Issues
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New Securities Issues
The following were among recent offerings and pricings in U.S. and non-U.S. capital markets, with terms and syndicate manager, based on information provided by Dow Jones Newswires and Factiva. (A basis point is one-hundredth of a percentage point; 100 basis points equal a percentage point.)
CORPORATE
ANZ National International Ltd. -- $1.75 billion of variable-rate notes with extendible maturities and a final maturity of five years was priced through joint leadmanagers Goldman Sachs and Morgan Stanley, according to IFR. Terms: maturity: Feb. 8, 2013; coupon: changes when extended: three-month London interbank offered rate plus 22/24/26/28/29; price: par; settlement: unavailable; ratings: Aa2 (Moody's Investors Service), double-A (Standard & Poor's Ratings Group).
GLOBAL
European Investment Bank -- 2 billion euro area reference note was priced through lead managers BNP Paribas, J.P. Morgan and UBS, one of the leads said. Terms: maturity: Oct. 15, 2014; coupon: 4.25%; reoffer: 100.149; payment: Jan. 17, 2008; spread: 17 basis points below midswaps; ratings: Aaa (Moody's), triple-A (S&P) and AAA (Fitch Inc.).
GE Capital U.K. Funding -- GBP 400 million bond issue was priced through lead managers Deutsche Bank, HSBC and Royal Bank of Scotland, one of the leads said. Terms: maturity: Jan. 18, 2033; coupon: 5.875%; reoffer: 99.115; payment: Jan. 10, 2008; spread: 150 basis points more than Gilts; guarantor: General Electric Capital Corp.; ratings: Aaa (Moody's), triple-A (S&P), denominations: GBP 1,000; listing: London.
