Westpac prices A$800 million of five-year bank paper [UPDATED]
- Tuesday, 29 June 2010
Westpac Banking Corporation (Westpac) (AA/Aa1) priced a 2015 maturity domestic deal on June 29 in just the second unguaranteed five-year from a financial institution (FI) in Australia this year. The bank sold A$300 million (US$259.29 million) of fixed rate notes at 135 basis points over swap and A$500 million of floating rate paper at the same margin to bank bill swap rate (BBSW).
