Westpac pricing notes with fixed and floating rates Wednesday

By Andrea Heisinger

New York, July 24 - Westpac Banking Corp. is in the market Wednesday with an offering of notes (Aa2/AA-/) in tranches that include both fixed and floating interest rates, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be non-callable.

Bookrunners are J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.

Proceeds will be used for general corporate purposes.

Westpac was last in the U.S. bond market with a $1.25 billion sale of five-year covered bonds on May 22.

The banking organization is based in Sydney.

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