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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
ANZ
Australia and New Zealand Banking Group Ltd (ANZ)£1,250
1APAC
Jul 17, 2026
currency
GBP
size (m)
1,250.000
maturity
Apr 24, 2030
type
Floating
tenor
3.750
call
-
registration
Reg S Only
benchmark
SONIA
ranking
Covered Bond
moody's
Aaa
s&p
-
fitch
AAA
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-5
guidance
Set at SONIA+50#; SONIA+55 area
spread
50
coupon
SONIA+50
spread set
-
price
100.00000
yield
-
book size (m)
2,400
peak book (m)
2,400
x-covered
1.92
book attrition
0.00%
nic
-2
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,400
peak book (m)
2,400
x-covered
1.92
book attrition
0.00%
nic
-2
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2400; Registration: Reg S Only; Comments: LEI: JHE42UYNWWTJB8YTTU19;
Guarantor(s)
Perpetual Corporate Trust Ltd in its capacity as trustee of the ANZ Residential Covered Bond Trust
Relative Value

Covered bond
3.25yr (Apr 2030) @ SONIA+55a
Implied Spread for fresh 3.25yr @ SONIA+52
Priced at SONIA+50
NIC of -2


COMPS

Ticker

Maturity

Tenor

Rating (M / S / F)

Size (£m)

Issued

DM (mid)

BMO

Apr-29

2.8

Aaa/-/AAA

1,000

Apr-26

46

STNCSG

Jun-29

3

Aaa/AAA/-

500

Jun-26

46

TD

Jan-31

4.5

Aaa/-/AAA

1,250

Jan-26

54