By Andrea Heisinger
New York, Oct. 21 - Westpac Banking Corp. priced $1 billion of two-year floating-rate notes on Wednesday at par to yield three-month Libor plus 30 basis points, an informed source said.
The Rule 144A notes (Aa1/AA/) have interest paid quarterly and are non-callable.
Deutsche Bank Securities Inc. was the bookrunner.
The financial services company is based in Sydney, Australia.
| Issuer: | Westpac Banking Corp.
|
| Issue: | Floating-rate notes
|
| Amount: | $1 billion
|
| Maturity: | Oct. 21, 2011
|
| Bookrunner: | Deutsche Bank Securities Inc.
|
| Coupon: | Three-month Libor plus 30 bps, paid quarterly
|
| Price: | Par
|
| Yield: | Three-month Libor plus 30 bps
|
| Call: | Non-callable
|
| Distribution: | Rule 144A
|
| Trade date: | Oct. 21
|
| Settlement date: | Oct. 23
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
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