By Andrea Heisinger
New York, March 28 - Westpac Banking Corp. priced $1.4 billion of three-year floating-rate notes at par late on Monday to yield three-month Libor plus 73 basis points, a market source said.
The notes (Aa1/AA/) were priced under Rule 144A.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Westpac Securities were the bookrunners.
Proceeds are going to general corporate purposes.
The bank and financial services company is based in Sydney, Australia.
| Issuer: | Westpac Banking Corp.
|
| Issue: | Floating-rate notes
|
| Amount: | $1.4 billion
|
| Maturity: | March 31, 2014
|
| Bookrunners: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Westpac Securities
|
| Coupon: | Three-month Libor plus 73 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 73 bps
|
| Distribution: | Rule 144A
|
| Trade date: | March 28
|
| Settlement date: | March 31
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
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