51LR Westpac B Frn29

RNS Number:8706R
Westpactrust Securities NZ Ld
21 February 2002



As Agent Bank, please be advised of the following rate determined on: 
21-FEB-2002.

Issue             :  WESTPACTRUST SECURITIES NZ LTD
                     US$250,000,000 (MTN) FRN DUE 23 MAY 2005
ISIN NO           :  XS0111581459
Issue Nominal USD :  250,000,000.00
Period            :  25-FEB-2002  To  23-MAY-2002    Payment Date  23-MAY-2002 
Number of Days    :  87
Rate              :  2.01
Denomination US   :  500,000.00
Amount Payable
Per Denomination  :  2,428.75

From:
Institutional    Telephone 44 (0) 1202 34 1286
Trust Services   Facsimile 44 (0) 1202 34 7438


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