UPDATE 2-Westpac sells A$1.48 bln in 2-, 3-yr notes-investor

(Adds confirmation from Westpac, deal details)
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SYDNEY, Oct 2 (Reuters) - Westpac Banking Corp (WBC.AX),
Australia's fourth biggest lender, has raised A$1.48 billion
($1.17 billion) in two- and three-year notes, the bank said on
Thursday.

The issue comprised an increase of A$830 million in fixed
and floating notes due on Sept. 24 2010 and a new line of A$650
million in floating rate notes maturing in Sept. 2011

Deal details are as follows:

Issuer: Westpac Banking Corp

Facility: Domestic fixed and floating rate notes

Amount issued: A$1.48 billion

Set date: Oct. 8

Lead(s): Westpac Institutional Bank

Issuer rating: AA (S&P), Aa1 (Moody's)

Tranche: 2010 2010 2011

fixed tap FRN tap new FRN

Amount: A$130 mln A$700 mln A$650 mln

Maturity: 24/09/2010 24/09/2010 19/09/2011

Coupon: 7.25% +32bps/BSBW +100bps/BBSW

Yield: not available +75bps/BBSW +100bp/BBSW

Spread: +100bps/swap +75bps/BBSW +100bps/BBSW
($1=1.27 Australian Dollar)
(Reporting by Cecile Lefort)