Westpac launches 5.25-year benchmark domestic deal

On 17 January, Westpac Banking Corporation (Westpac) launched a new, self-led 5.25-year benchmark senior-unsecured domestic deal. The forthcoming transaction will come in either or both fixed- and floating-rate formats and has indicative price guidance of 115 basis points area over swap benchmarks. Pricing is expected on the day of launch.