Australia's Westpac eyeing offering of five-year senior notes

By Aleesia Forni

Virginia Beach, Jan. 13 - Westpac Banking Corp. is planning to issue senior notes maturing in January 2019, according to a 424B5 filed with the Securities and Exchange Commission.

BofA Merrill Lynch, Citigroup Global Markets Inc. and Goldman Sachs & Co. are the joint bookrunners.

Proceeds will be used for general corporate purposes.

Westpac was last in the U.S. bond market with a $1.4 billion sale of five-year senior notes (Aa2/AA-/) priced in two tranches on July 24.

There was $650 million of five-year floating-rate notes sold to yield Libor plus 74 basis points and $750 million of 2.25% five-year notes priced with a spread of Treasuries plus 93 bps.

The banking organization is based in Sydney, Australia.

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