Broker Center sponsored links

Australia's Westpac adds A$350 mln to 2011 bonds

Wed Apr 9, 2008 8:40pm EDT
 
Email | Print | | Reprints | Single Page
[-] Text [+]
 (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)

 

Featured Broker sponsored link

Editor's Choice

Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters