Westpac nets $1.26bn in first Samurai bond issue of 2010

17 Jan 2010

Westpac Banking Corp raised ¥111.3bn ($1.26bn) on Friday from a dual-tranche deal in the first Samurai bond of the year from an Australian bank.

Citi, Daiwa Securities and Mizuho Securities arranged the issue, helping Westpac find strong demand for a deal that came with no guarantee from the Australian government.

This week’s deal was split between a ¥100bn five year deal in fixed and floating rate tranches, both paying the equivalent of ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial