U.S. Sells All Remaining Shares of General Motors
National Australia Bank Sells $2.25 Billion in Boosted Debt Sale
Dec. 6 (Bloomberg) -- National Australia Bank Ltd., sold $2.25 billion of fixed- and floating-rate notes in a boosted three-part offering, according to data compiled by Bloomberg.
The Melbourne-based company sold $500 million of 3-year floating rate notes that yield 76 basis points more than the 3- month London interbank offered rate; $750 million of 1.7 percent, 3-year securities that pay 103 basis points more than similar-maturity U.S. Treasuries, and $1 billion of 4.375 percent, 10-year notes that pay a spread of 150 basis points, Bloomberg data show.
National Australia Bank earlier marketed $450 million of the floating-rate debt, according to a person familiar with the transaction who declined to be identified because the marketing was private.
Three-month Libor, the rate at which banks lend to each other, is 0.3 percent. A basis point is 0.01 percentage point.
To contact the reporter on this story: Boris Korby in New York at email@example.com
To contact the editor responsible for this story: Pierre Paulden at firstname.lastname@example.org