By Devika Patel
Knoxville, Tenn., Nov. 13 – Westpac Banking Corp. priced $1.25 billion of 2.35% senior notes (Aa3/AA-) due Feb. 19, 2025 on Tuesday, according to an FWP filing with the Securities and Exchange Commission.
The notes priced at 99.972 to yield 2.356%, or 63 basis points over Treasuries.
BofA Securities, Inc., J.P. Morgan Securities LLC, RBC Capital Markets LLC and Westpac are the bookrunners.
Proceeds will be used for general corporate purposes.
The bank is based in Sydney, Australia.
| Issuer: | Westpac Banking Corp.
|
| Issue: | Senior notes
|
| Amount: | $1.25 billion
|
| Maturity: | Feb. 19, 2025
|
| Bookrunners: | BofA Securities, Inc., J.P. Morgan Securities LLC, RBC Capital Markets LLC and Westpac Banking Corp.
|
| Co-managers: | BMO Capital Markets Corp., CIBC World Markets Corp. and Scotia Capital (USA) Inc.
|
| Coupon: | 2.35%
|
| Price: | 99.972
|
| Yield: | 2.356%
|
| Spread: | Treasuries plus 63 bps
|
| Call: | Non-callable
|
| Trade date: | Nov. 12
|
| Settlement date: | Nov. 19
|
| Ratings: | Moody’s: Aa3
|
| S&P: AA-
|
| Distribution: | SEC registered
|
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