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Westpac adds A$380 mln to 2012 bonds at 95bp/swap

Thu May 1, 2008 10:32pm EDT

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 (For the latest Australia and New Zealand bond news, double
click on [AU/CRD] and then double click on the ID number)
 SYDNEY, May 2 (Reuters) - Westpac Banking Corp (WBC.AX),
Australia's fourth-biggest lender, said it has added A$380
million ($355 million) to its senior bond issue due Sept. 24,
2012.
 The notes, which were all fixed rate, priced on Friday at
95 basis points over swap and will settle in three days.
 The increase brings total size to A$605 million.
 The offer was driven by investor demand, following the
bank's half year results posted on Thursday, Westpac said.
 Last month, Westpac also sold A$125 million of 10-year
subordinated fixed rate debt at 200 basis points over swap. The
offer, callable in five years, was completed on April 4.
 Westpac's senior notes are rated AA by S&P and Aa1 by
Moody's.
 ($1=A$1.07)
 (Reporting by Cecile Lefort) 



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