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CREDIT SUPPLY: {AU} Launch: Westpac A$ 5yr Snr Unsecured

CREDIT SUPPLY
  • Westpac A$ 5yr Snr Unsecured, initial guidance is 3mBBSW/SQ ASW +90bps area, notes expected to be rated  AA- by S&P Global Ratings & Aa2 by Moody’s
  • The WSTP 5.1 05/29 trade at ASW+86bps, while the WSTP float 05/29 trade at BBSW+82bps

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