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.