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Westpac Banking launches $4 bln two-part note sale

Mon Nov 16, 2009 1:15pm EST

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NEW YORK, Nov 16 (Reuters) - Westpac Banking Corp (WBC.AX) on Monday launched a $4 billion two-part note sale, said IFR, a Thomson Reuters service.

The sale includes $2 billion of three-year notes expected to yield 100 basis points over U.S. Treasuries and $2 billion of 10-year notes expected to yield 155 basis points over Treasuries, according to IFR.

The joint lead managers on the offering are Bank of America Merrill Lynch, Citigroup and Deutsche Bank. (Reporting by Caryn Trokie; Editing by Leslie Adler)



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