Westpac adds A$380 mln to 2012 bonds at 95bp/swap
(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: Quote, Profile, Research, Stock Buzz), 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)
© Thomson Reuters 2008 All rights reserved
Ads by Career Builder
Senior Financial Analyst
Details: ...client, a large financial services client located...for a Senior Financial Analyst to assist in the real estate group in a planning and forecasting...successful senior financial analyst should...
Commercial Real Estate (CRE) Servicing and Asset Management
Details: ...Bank is seeking Real Estate Finance professionals for its Commercial Real Estate Servicing and Asset Management areas...
Staff Accountant with Property Management or Real Estate Exp
Details: ...Property Management Real Estate Accountant to join...both rewarding and challenging the...specialized temporary financial staffing. We provide...temporary-to-hire and project opportunities...bookkeeping, finance, and many more. Through...
Tax Manager-Real Estate
Details: ...audit, tax and advisory firm...industry insights and a multidisciplinary range of services. We are currently seeking a Real Estate Tax Manager...day-to-day advisory and tax compliance services * Provide...









