Westpac Securities NZ to price $500 million three-year notes Thursday

By Andrea Heisinger

New York, Jan. 20 - Westpac Securities NZ Ltd. is expected to sell $500 million of three-year notes on Thursday, a market source away from the deal said.

Market sources said they were surprised the deal did not price during the day on Wednesday. One source said "maybe it's pricing later tonight."

The deal is being done under Rule 144A.

Goldman Sachs & Co. is running the books.

The unit of financial services company Westpac New Zealand Ltd. is based in Auckland, New Zealand.

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