By Andrea Heisinger
New York, Aug. 25 - Westpac Banking Corp. released terms for its $1.5 billion of 4.2% senior notes due 2015, which priced Monday to yield Treasuries plus 175 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aa1/AA/) priced at 99.898 to yield 4.221%. They have a make-whole call at Treasuries plus 35 bps.
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%
|
Price: | 99.898
|
Yield: | 4.221%
|
Call: | Make-whole at Treasuries plus 35 bps
|
Spread: | Treasuries plus 175 bps
|
Trade date: | Aug. 24
|
Settlement date: | Aug. 27
|
Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
© 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.