Anz sold its first domestic senior unsecured bond of the year last Thursday - a A$2.5bn (US$1.91bn) five-year floating-rate note. It represents the largest single-tranche financial trade since the middle of 2011. ANZ paid 82bp over three-month bank bills for the self-led offering, underlining the tightening in global and local spreads since the start of 2015. Westpac was the last of Australia's four Aa2/AA-/AA- rated major lenders to issue five-year domestic paper with January 15's A$2.775bn dual-tranche print that priced 90bp wide of three-month BBSW and asset swaps.
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