Australia's Westpac adds A$350 mln to 2011 bonds
(For the latest Australia and New Zealand bond news, double click on [AU/CRD] and then double click on the ID number)
SYDNEY, April 10 (Reuters) - Westpac Banking Corp (WBC.AX: Quote, Profile, Research, Stock Buzz), Australia's fourth-largest lender, said it has added A$350 million ($324 million) to its issue of 2011 notes priced earlier in the week.
The increase brings the issue size to A$1.15 billion.
The deal details are as follows:
Issuer: Westpac Banking Corp.
Facility: Fixed rate note increase
Law: Australia
Amount issued: A$350 million
New total: A$1.15 billion
Maturity: April, 18 2011
Set date: April 18
Coupon: 8.25%
Yield: 8.355%
Spread: +90bps/swap or 217.5 bps over ACGB due 2011
Issue price: 99.726
Lead: Westpac Institutional Bank
Issuer rating: AA (S&P), Aa1 (Moody's) ($1=A$1.08) (Reporting by Cecile Lefort)
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