(For the latest Australia and New Zealand bond news, double click on [AU/CRD] and then double click on the ID number) SYDNEY, Nov 5 (Reuters) - Australia's largest listed industrial property firm Goodman Group (GMG.AX) has set the price guidance for its US$250 million 10-year bond at around 350 basis points over U.S. Treasury, a fund manager who spoke to a joint lead said on Friday. The 144a reg S offer could be priced as early as Friday during New York business hours, he said. Earlier in the week, the firm mandated Bank of America (BAC.N), Merrill Lynch, and JPMorgan (JPM.N) as joint bookrunners with ANZ (ANZ.AX), National Australia Bank (NAB.AX), BNP Paribas (BNPP.PA), Societe Generale (SOGN.PA) and Royal Bank of Scotland (RBS.L) as co-managers, according to IFR, a Thomson Reuters online service. Proceeds would likely be used to repay debt. Goodman declined to comment. Goodman, rated BBB by S&P and Baa3 by Moody's, was initially expected to sell an Australian-dollar denominated bond this week following a series of meetings last month with local bond investors. The Australian roadshows were hosted by ANZ, Macquarie Bank (MQG.AX) and National Australia Bank. Goodman is a rare bond borrower and has never sold bonds in Australia. Its last bond foray was in 2008, when it raised 250 million pounds in notes. Bond issues from non-financial borrowers are rare in Australia and make up just 6 percent of this year's total A$82 billion, according to Thomson Reuters data. (Reporting by Cecile Lefort; Editing by Koh Gui Qing)
GMG Price at posting:
$3.28 Sentiment: Buy Disclosure: Held
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