[private role=’subscriber’]
Westpac priced its 10 May 2019 FRN deal in a single day, raising $2.15 billion. The yield was set at BBSW + 100bps and demonstrates again the capacity of the Australian fixed income market to absorb such volume at short notice.
In October 2015 Westpac issued $2.1 billion of medium term floating rate notes at BBSW + 108bps.
[/private]