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