41MF Hsbc Bk. 23

    

Westpac Banking Corporation


As Agent Bank, please be advised of the following rate determined on: 18-Jul-2007

Issue               : Westpac Banking Corporation - Series 587
                      USD 300,000,000 FRN due 20 Oct 2016
ISIN Number         : XS0272075705
Common Code/        : 27207570
144A ISIN
Issue Nomin     USD : 300,000,000.00
Period              : 20-Jul-2007 to 22-Oct-2007          Payment Date 22-Oct-2007
Number of Days      : 94
Rate                : 5.57
Denomination USD    : 100,000.00                  300,000,000.

Amount Payable
per Denomination    : 1,454.39                    4,363,166.67

Bank of New York
Rate Fix Desk                           Telephone 44 1202 689580
Institutional Trust Services           Facsimille 44 1202 689601

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Hsbc Bk. 23 (LSE:41MF)
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