Printer Friendly

Westpac Bank prices AUD2.0bn RMBS issue.

Global Banking News-18 December 2009-Westpac Bank prices AUD2.0bn RMBS issue(C)2009 ENPublishing -

Global Banking News - 18 December 2009(c)2005 - Electronic News Publishing -

Australia's Westpac Banking Corporation (WBC.AU) (NYSE: WBK) has priced AUD2.0bn of residential mortgage backed securities, the first offer of such securities by a major lender since 2007.

The amount of securities sold was much more than Westpac's initial plan to price AUD1.0bn of securities.

The AUD1.84bn Class-A notes were priced at 130 basis points over swap, while pricing on the lower tranches have not been disclosed. Westpac itself has led the offer.

[Editorial queries for this story should be sent to]

((Distributed via M2 Communications -
COPYRIGHT 2009 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Dec 18, 2009
Previous Article:Taiwan to set criteria for bank branches in China soon.
Next Article:Northeast Community Bancorp declares quarterly dividend.

Related Articles
Australia's Commonwealth Bank expects 16% lower H1 net profit.
AMP Bank launches AUD535m RMBS.
Australia's Bank of Queensland launches RMBS issue.
Westpac Bank reports fall in first half profits.
Westpac Bank prices AUD1.7bn 2012 bond.
BNP Paribas prices AUD1.0bn three year bond at swap.
Westpac Bank launches AUD1.0bn RMBS issue.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters