BW20030220002288  20030220T162825Z UTC


( BW)(WESTPACTRUST-SECS-NZ)(51LR) FRN Variable Rate Fix

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--Feb. 20, 2003--

As Agent Bank, please be advised of the following rate determined on: 20-Feb-2003      

Issue               : WestpacTrust Securities NZ Ltd
                      US$250,000,000 (MTN) FRN due 23 May 2005
ISIN Number         : XS0111581459
Issue Nomin     USD : 250,000,000.00
Period              : 24-Feb-2003 to 23-May-2003          Payment Date  23-May-2003
Number of Days      : 88
Rate                : 1.44
Denomination    US  : 500,000.00

Amount Payable 
per Denomination    : 1,760.00

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

   Short Name: Westpac Banking.
   Category Code: RC
   Sequence Number: 00002162
   Time of Receipt (offset from UTC): 20030220T162125+0000

    --30--ac/uk*

    CONTACT: Westpactrust Securities NZ Ld
 
    KEYWORD: NEW ZEALAND INTERNATIONAL ASIA PACIFIC
    INDUSTRY KEYWORD: BANKING
    SOURCE: Westpactrust Secs NZ
Today's News On The Net - Business Wire's full file on the Internet
                          with Hyperlinks to your home page.
                          URL: http://www.businesswire.com