By Andrea Heisinger
New York, Aug. 27 - Westpac Banking Corp. reopened its issue of 4.2% senior unsecured bonds due Feb. 27, 2015 on Thursday to add $300 million, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aa1/AA/) priced at 100.282 to yield 4.142%, or Treasuries plus 170 basis points.
Total issuance is $1.8 billion, including $1.5 billion priced Aug. 24 at 175 bps over Treasuries.
Bookrunners were Bank of America Merrill Lynch and J.P. Morgan Securities.
The banking and financial services company is based in Sydney, Australia.
| Issuer: | Westpac Banking Corp.
|
| Issue: | Senior unsecured notes
|
| Amount: | $300 million, reopened
|
| Maturity: | Feb. 27, 2015
|
| Bookrunners: | Bank of America Merrill Lynch, J.P. Morgan Securities
|
| Coupon: | 4.2%
|
| Price: | 100.282
|
| Yield: | 4.142%
|
| Spread: | Treasuries plus 170 bps
|
| Trade date: | Aug. 27
|
| Settlement date: | Sept. 1
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
| Total issuance: | $1.8 billion, including $1.5 billion notes priced Aug. 24 at 175 bps
|
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