Westpac: gilts one day, euros the next [UPDATED]

10 December 2015

 

Westpac has quickly followed its recent UK issue of £375 million (AUD$777 million) worth of 7 year bonds with an issue into the European market worth €650 million (AUD$983 million). The issue was done at the equivalent of Swap + 65bps, less than the Swap + 105bps on the 7 year bonds issued the day before. Westpac last sold bonds into the European markets back in July although the €1.263...

read full story