Funds Focus

WESTPAC has just announced the launch of a new income offer: Westpac Capital Notes. The first round of access is through a broker firm allocation, prior to shareholder and general offer and listing in July.

The Notes will pay a quarterly coupon of 4.9%-5.2% (margin determined by the book build) over the 90 day bank bill swap rate (BBSW), which was 1.99% as of 17th May. The initial indicative rate will be 6.89%-7.19%pa with the rate to be set on the date of issue. The Notes are expected to

Westpac has just announced the launch of their latest income hybrid: Westpac Capital Notes 3.The first round of access is through a broker firm allocation, prior to shareholder offer and listing in September. There will not be a General Offer for this issue.

The Notes will pay a quarterly coupon of 4.0%-4.2% (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 2.14% as of the 27 July, with an initial indicative rate of 6.14%-6.34%pa. (The first pricing is

Westpac Bank has just announced the launch of a new income offer: Westpac Subordinated Notes II.The first round of access is through a broker firm allocation, prior to shareholder offer and listing in August.

The Notes will pay a quarterly coupon of 2.30%-2.45% (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 2.76% as of 12th July, with an initial indicative rate of 5.06%-5.21%pa. (The first pricing is due to be set on date of issue) The Notes are