Westpac Bank has priced £375million worth of 7 year bonds at gilts + 117bps, which equates to Swap + 105bps or BBSW + 147bps. The amount raised is equivalent to AUD$777 million and comes on top of the $150 million raised in the domestic market in previous week. While not unprecedented, it is somewhat unusual for Australian issuers to sell into the UK market.