Westpac Banking to sell dollar subordinated notes due 2034, 2039

By Devika Patel

Knoxville, Tenn., July 15 – Westpac Banking Corp. expects to price dollar-denominated fixed-rate subordinated notes in two tranches due 2034 and 2039, according to a 424B5 filed with the Securities and Exchange Commission.

The 2034 notes are callable on the July 2029 reset date at par. The 2039 notes are non-callable.

BofA Securities, Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Westpac are the bookrunners. RBC Capital Markets Corp. and TD Securities (USA) LLC are the co-managers.

Proceeds will be used for general corporate purposes.

The bank is based in Sydney, Australia.

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