Westpac leads domestic issuance in guaranteed and non-guaranteed format

On June 2 Westpac Banking Corporation (Westpac) (AA/Aa1/AA-) topped up its July 2012 fixed and floating rate non-guaranteed bonds to bring the total on issue in this maturity to A$2 billion (US$1.6 billion). The A$50 million of fixed rate and A$250 million of floating rate bonds priced at 120 basis points over the bank bill swap rate (BBSW) and swap.