New Issue-Westpac Securities NZ sells $1.5 bln notes

May 20 (Reuters) - Westpac Securities NZ Ltd, a unit of
Westpac New Zealand Ltd [WBCNZ.UL], on Thursday sold $1.5
billion in three-year notes guaranteed by the government of New
Zealand, said IFR, a Thomson Reuters service.

Barclays Bank and Citigroup were the joint bookrunning
managers for the sale.
BORROWER: WESTPAC SECURITIES NZ LTD*
AMT $1.5 BLN COUPON 2.50 PCT MATURITY 5/25/2012
TYPE GTD NOTES ISS PRICE 99.931 FIRST PAY 11/25/2009
MOODY'S Aaa YIELD 2.524 PCT SETTLEMENT 5/27/2009
S&P AA-PLUS SPREAD N/A PAY FREQ SEMI-ANNUAL
FITCH AA-PLUS NON-CALLABLE
* GUARANTEED BY THE GOVERNMENT OF NEW ZEALAND