WestLB AG Sydney (WestLB) (BBB+/A2/A-) launched a one year-plus bond deal covered by the Australian government guarantee on September 3, less than a month before the maturity of its last outstanding domestic bond. The issuer expects to price A$650 million (US$541.06 million) in the new transaction, while A$500 million of bonds issued in 2004 will expire on September 30.
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