Westpac Banking aims to sell fixed-rate notes and floaters

By Devika Patel

Knoxville, Tenn., June 21 – Westpac Banking Corp. intends to offer dollar-denominated notes in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The Sydney, Australia-based bank plans to sell fixed-rate notes and floating-rate notes with a coupon based on Libor.

Both tranches will be non-callable.

BofA Merrill Lynch, J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes.

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