Domestic demand focus for WestLB's A$650 million deal [UPDATED]
- Thursday, 03 September 2009
WestLB AG Sydney (WestLB) (BBB+/A2/A-) priced the one year-plus deal it launched earlier the same day on September 3, with distribution of the A$650 million (US$541.06 million) transaction understood to have been predominantly domestic. Although the issuer also has A$500 million of bonds issued in 2004 set to expire on September 30 the new transaction is not believed to be a direct refinancing.
