Westpac launches Capital Notes 6

Company News

by Anna Napoli

Westpac (ASX:WBC) has today announced the launch of a new hybrid capital security, Westpac Capital Notes 6.

The offer size is $750 million with the ability to raise more or less.

The issue price is $100 per note.

The margin will be determined via a bookbuild and is expected to be between 3.7 to 3.9 per cent per annum.

The proceeds of the notes will be for general business purposes.

The offer closes on the 11th of December 2018.

Shares in Westpac (ASX:WBC) closed 0.07 per cent higher to $27.70 on Friday.
  

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.