Westpac Capital Notes 6 (WBCPI)

Westpac Capital Notes 6 (WBCPI)

Nov 19, 2018 admin Australian economy, Fixed Income, Investment Opps, SMSF 0 Comment

Westpac has announced today that the Westpac Capital Notes 6 (WBCPI) bookbuild has been completed, with the margin set at 3.7% p.a.

The offer size has increased by $500m to a total of $1.25b. The Reinvestment Offer and Securityholder Offer will open on 20 November 2018.
All Eligible Westpac Capital Notes Holders and Eligible Securityholders can view the Prospectus and apply online through the Offer website from 20 November 2018. For those who have requested a printed Prospectus and personalised Application Form, mailing is expected to commence on or around 23 November 2018.

Distributions are non-cumulative and are expected to be paid quarterly in arrear, subject to the satisfaction of the Distribution Payment Conditions, which include that Distributions are at Westpac’s absolute discretion. The notes are perpetual, however the Notes may be Converted, Redeemed or Transferred. 

Further information about hybrids are available here: http://www.westpac.com.au/bankhybridguide 

Joint Lead Managers are;

  • Westpac Institutional Bank
  • ANZ Securities Limited
  • Commonwealth Bank of Australia
  • J.P. Morgan Securities Australia Limited
  • Morgans Financial Limited
  • National Australia Bank Limited
  • UBS AG, Australia Branch


  • Bell Potter Securities Limited
  • Credit Suisse
  • Crestone Wealth Management Limited
  • Evans Dixon
  • JBWere Limited
  • Ord Minnett Limited
  • Shaw and Partners Limited

Further information is available here www.westpac.com.au/westpaccapnotes6 


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