Westpac unit sells 175 mln pounds in 18-mth notes

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SYDNEY, Feb 11 (Reuters) - Westpac New Zealand Ltd, a unit
of Australia's Westpac Banking Corp (WBC.AX: Quote, Profile, Research, Stock Buzz), has sold 175
million pounds ($343 million) of 18-month notes, a market
source said on Monday.

The deal details are as follows:

Issuer: Westpac New Zealand Ltd

Facility: Floating rate euronote

Amount issued: STG175 million

Maturity: Aug. 14, 2009

Set date: Feb. 14

Coupon: 25 basis points over Libor

Issue price: 99.957

Lead(s): Barclays Capital

Issuer rating: AA (S&P), Aa2 (Moody's)
($1=0.51 pounds)
(Reporting by Cecile Lefort)