August 29, 2017 / 11:53 AM / a year ago

Westpac sized at EUR750m each

LONDON, Aug 29 (IFR) -

* Final terms: EUR750m 5.5yr at MS+25, EUR750m 10yr at MS+35. Allocs and pricing to follow. (12:49pm)

* Books closed EUR2.5bn+. 5.5yr already set at MS+25, 10yr set at MS+35. 5.5yr expected as EUR750m, 10yr size tbd. (12:11pm)

* Total books EUR2bn+. 5.5yr set at MS+25, 10yr talk now MS+40 area. Books due to have closed at 11:30am. (11:42am)

* 5.5yr at MS+high 20s IPTs, 10yr at MS+45 area. Pricing today. Due 5 Mar 2023 and 5 Sep 2027, pay 5 Sep in both cases, EMTN docs, London listing, 100k/1k denoms, Reg S bearer (Tefra rules apply). (8:43am)

Westpac Banking Corporation, rated Aa3/AA-, has mandated BNPP, Deutsche Bank, Goldman Sachs and Westpac for a dual-tranche senior unsecured euro benchmark with 5.5yr and 10yr maturities. (8:43am)

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