Australia's Westpac sells $750 mln 1-year notes

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SYDNEY, Feb 18 (Reuters) - Westpac Banking Corp (WBC.AX: Quote, Profile, Research, Stock Buzz)
has raised $750 million of one-year notes, a market source said
on Monday.

The issue was documented under rule 144A which allows a
type of U.S. investor, also called "Qualified Institutional
Buyers", to purchase the bonds.

The deal details are as follows:

Issuer: Westpac Banking Corp

Facility: 144a floating rate notes

Amount issued: US$750 million

Maturity: March 17, 2009

Set date: Feb. 19

Coupon: +20bp over 3-month Libor

Yield: +20bp over 3-month Libor

Margin: +20bp over 3-month Libor

Issue price: 100

Lead: Merrill Lynch

Issuer rating: AA (S&P), Aa1 (Moody's)
($1=A$1.10)
(Reporting by Cecile Lefort)