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SYDNEY/TOKYO, Oct 2 (Reuters) - Westpac Banking Corp
(WBC.AX), Australia's fourth-biggest lender, is selling a dual
currency yen/Australian dollar uridashi bond, according to
documents filed to Japanese financial authorities.
Uridashi bonds are foreign bonds sold to Japanese retail
investors.
The bond, to be issued on Oct. 27, will carry a 3.20
percent coupon.
The offer will pay yen-denominated coupons and Australian
dollars at redemption.
The bonds are subject to a currency-trigger redemption that
is yet to be determined. If the bonds don't go to the maturity
date, they will be redeemed in yen.
The sales period runs from Oct. 22 to Oct. 27 with a
maturity on Oct. 27, 2011.
Nomura International is lead arranger.
Westpac is rated AA by S&P and Aa1 by Moody's.
(Additional reporting by Rika Otsuka in Tokyo)
(Reporting by Cecile Lefort)
