Westpac Banking Corporation $2.6 billion 1.55%, 2.3% and floating rate notes issues

26/5/2015

Investment grade bond/note issue

Value:

$ 2.6 billion

Status:

Completed

Date:

26/5/2015

Overview:

Australian Westpac Banking Corporation has made a $2.6 billion debt offering in the US.
The offering consisted of $1 billion 1.55% notes due 2018, $1 billion 2.3% notes due 2020 and $600 million floating rate notes due 2018.
The joint bookrunners were BofA Merrill Lynch, Citigroup and JP Morgan Securities.

Kurt Stumpo - Journalist

Jurisdictions:

United States
Australia

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

United States

Industry sector:

Banking

Firms:

Debevoise & Plimpton

Party: Westpac Banking Corporation (Issuer)

Lawyer: Matthew Kaplan

Sidley Austin

Party: BofA Merrill Lynch (Joint bookrunner)

Party: Citigroup (Joint bookrunner)

Party: JP Morgan Securities (Joint bookrunner)

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