By Andrea Heisinger
New York, Aug. 6 - Westpac Banking Corp. priced $1.25 billion of 2% five-year senior notes on Monday to yield 137.5 basis points over Treasuries, a market source said.
The notes (Aa1/AA-/) were sold at 99.929 to yield 2.015%.
The bonds are non-callable.
Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC ran the books.
Proceeds will be used for general corporate purposes.
The bank and financial services company is based in Sydney, Australia.
| Issuer: | Westpac Banking Corp.
|
| Issue: | Senior notes
|
| Amount: | $1.25 billion
|
| Maturity: | Aug. 14, 2017
|
| Bookrunners: | Deutsche Bank Securities Inc., J.P. Morgan Securities LLC
|
| Coupon: | 2%
|
| Price: | 99.929
|
| Yield: | 2.015%
|
| Spread: | Treasuries plus 137.5 bps
|
| Call: | Non-callable
|
| Trade date: | Aug. 6
|
| Settlement date: | Aug. 14
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
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