By Andrea Heisinger
New York, Aug. 24 - Westpac Banking Corp. sold $1.5 billion 4.2% senior notes (Aa1/AA/) due 2015 on Monday at Treasuries plus 175 basis points, a source away from the sale said.
Full terms were not available at press time.
Bookrunners were Bank of America Merrill Lynch and J.P. Morgan Securities Inc.
Proceeds will be used for general corporate purposes.
The banking and financial services company is based in Sydney, Australia.
| Issuer: | Westpac Banking Corp.
|
| Issue: | Senior notes
|
| Amount: | $1.5 billion
|
| Maturity: | Feb. 27, 2015
|
| Bookrunners: | Bank of America Merrill Lynch, J.P. Morgan Securities Inc.
|
| Coupon: | 4.2%
|
| Spread: | Treasuries plus 175 bps
|
| Trade date: | Aug. 24
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
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