51LR Westpac B Frn29

RNS Number:2285W
Westpactrust Securities NZ Ld
21 May 2002


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

Issue             :  WESTPACTRUST SECURITIES NZ LTD
                     US$250,000,000 (MTN) FRN DUE 23/5/2003
ISIN Number       :  XS0111581020
Issue Nominal USD :  250,000,000.00
Period            :  23-MAY-2002  To  23-AUG-2002    Payment Date  23-AUG-2002 
Number of Days    :  92
Rate              :  1.95
Denomination  USD :  500,000.00
Amount Payable
Per Denomination  :  2,491.67


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


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