Westpac debuts in green-bond market as it adds A$500 million tranche to five-year benchmark
- Thursday, 26 May 2016
Westpac Banking Corporation (Westpac) (AA-/Aa2/AA-) priced its new five-year domestic benchmark on May 26, including a A$500 million (US$359.8 million) green-bond tranche. The proceeds of the green tranche – which forms the fixed-rate component of a combined fixed- and floating-rate deal – will be used to fund renewable-energy and green building projects in Australia, the issuer says.
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