Wealth Focus has secured access to the Westpac Subordinated Notes IPO. Investors looking to apply for a firm allocation will need to contact us on 1300 55 98 69.

Allocations are on a first come first served basis until we have exhausted our allocation.

Westpac Subordinated Notes sounds familiar
Westpac are the latest of the big four banks to offer a Subordinated debt issue at 2.75% over the 90 day BBSW (3.48% - 23/07/12). If it all sounds familiar thats because the three issues are almost identical and we were left wondering if Westpac & NAB have the same lawyers, Messrs Cut & Paste.

Either way, investors should be reasssured that Westpac's margin of 2.75% is just as attractive as the ANZHA & NABHB offers.

• Download a prospectus
• Download a fact sheet
• Download the Westpac presentation of this offer
• Download our analysis of this issue

Call us on 1300 559 869 to ask us to secure your allocation.

• Broker firm offer - Our allocation through the broker firm offer means investors are more likely to achieve their desired allocation without waiting for the general offer.
  


• Limited Offer – The offer is to raise approximately $1,500 Million, with the ability to raise more or less. The shares will be traded on the ASX


• Income - Westpac Subordinated Notes provide holders with quarterly unfranked distributions.


• Un-franked Income - Investors often overlook that returns quoted on fixed income include the franking credits. Un-franked payments should be considered more attractive, avoiding the need to wait until the end of the tax year to claim back the franking.


• High level of income - The indicative distribution rate is 2.75% over the 90 day Bank Bill Swap Rate (3.48% - 23/07/12) for an indicative rate of 6.23%pa.


• Minimum investment - $10,000 (this is a Wealth Focus minimum)


• Issue Price - $100

• Fact sheet
• Prospectus
• Our analysis
• Research
• Presentation
• View our online webinar - An Introduction to Fixed Income