Westpac Banking aims to sell fixed-rate notes, floaters in two parts

By Devika Patel

Knoxville, Tenn., May 18 – Westpac Banking Corp. intends to offer dollar-denominated notes in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The Sydney, Australia-based bank plans to sell fixed-rate notes and floating-rate notes. The floaters will have a coupon based on SOFR.

The notes are non-callable.

BofA Securities Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Westpac Banking Corp. are the bookrunners.

Bank of New York Mellon is the trustee.

Counsel to the issuer is provided by King & Wood Mallesons (Australia) and Debevoise & Plimpton LLP (United States), and counsel to the underwriters is provided by Sidley Austin LLP.

Proceeds will be used for general corporate purposes.

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