Westpac Banking Corporation (Westpac) (AA-/Aa2/AA-) priced its new five-year domestic benchmark on May 26, including a A$500 million (US$359.8 million) green-bond tranche. The proceeds of the green tranche – which forms the fixed-rate component of a combined fixed- and floating-rate deal – will be used to fund renewable-energy and green building projects in Australia, the issuer says.