Westpac taps Gov’t guaranteed deal

by Anonymous | Tue, 16/12/2008 - 10:19

Westpac has increased its fixed rate 16 December 2011 government guaranteed bond by $US400 million, taking the outstanding total to $US1.9 billion.

The 144a/Reg S priced at 90 basis points over USD Libor, which is 10 basis points tighter than the margin that it originally priced at on 9 December 2008.

Joint bookrunners on the deal were Bank of America, HSBC, JP Morgan and Morgan Stanley.
 

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Deal data
Issuer: 
Westpac Banking Corporation
Facility: 
Senior financial US 144a
Amount (million): 
1,900.00 USD
Amount (AUD equivalent): 
2899.97
Pricing Date: 
09/12/2008
Fixed rate tranche
Maturity: 
Friday, December 16, 2011