Westpac Securities NZ registers $10 billion medium-term note program

By Jennifer Chiou

New York, Aug. 13 - Westpac Securities NZ Ltd. announced a medium-term note program under which it may issue up to $10 billion of senior unsecured notes with a tenor of one year or more.

According to a company news release, Westpac New Zealand Ltd. will guarantee the notes, which will be sold from time to time under Rule 144A in the United States.

J.P. Morgan will be the arranger and lead agent, with Bank of America Merrill Lynch, Barclays Capital, Citi, Deutsche Bank Securities, Goldman Sachs & Co., HSBC, Morgan Stanley, UBS Investment Bank and Westpac Banking Corp. as co-agents.

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

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