Westpac launches $2.25 billion notes in fixed-, floating-rate tranches

By Andrea Heisinger

New York, Sept. 18 - Westpac Banking Corp. launched a $2.25 billion offering of notes (Aa2/AA-/) in two tranches on Tuesday, an informed source said.

A $1.25 billion tranche of three-year floating-rate notes launched at Libor plus 76 basis points.

The second part is $1 billion of three-year notes pricing at 87.5 bps over Treasuries.

Bookrunners are Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC.

The banking and financial services company is based in Sydney, Australia.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.