Australia's Westpac eyeing fixed-, floating-rate notes due 2016

By Aleesia Forni

Virginia Beach, Nov. 18 - Westpac Banking Corp. is in the market with a two-part offering of fixed- and floating-rate notes due 2016, according to a 424B5 filing with the Securities and Exchange Commission.

The bookrunners are Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBC Capital Markets LLC.

Proceeds will be used for general corporate purposes.

Westpac was last in the market with a $1.4 billion sale of five-year senior notes priced in two tranches on July 24.

There was $650 million of floating-rate notes priced at par to yield Libor plus 74 basis points and $750 million of 2.25% notes priced at Treasuries plus 93 bps.

The banking organization is based in Sydney.

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