ANZ National Bank has announced a public bond issue of $100m with the right to accept oversubscriptions of up to $150m for a 7 year term maturing on 13 March 2019.

The interest rate will be the higher of 6.25% or the aggregate of the 7 year Swap Rate on the Rate Set Date and  the Issue Margin of 2.10% per annum. The bonds will be unsubordinated (senior) debt with a credit rating of AA minus.

There is a minimum investment of $10,000 and in multiples of $1,000 thereafter.

Note that the closing date is 12.00 pm Friday 9 March 2012 so you will need to contact your broker ASAP if you are interested.