SEARCH
Westpac has released the prospectus for its Capital Notes 5 offer, which is expected to open on 13 February and raise approximately $750 million.
Westpac's latest tier 1 capital vehicle, Westpac Capital Notes 5, will open to investors on 13 February.
The hybrid security is expected to have a margin of between 3.2 and 3.4 per cent above the 90-day bank bill rate.
Westpac Capital Notes 5 has been launched to replace Westpac's convertible preference shares (CPS), which are due to convert/redeem on 3 April 2018.
Eligible Westpac CPS holders will be given an opportunity to reinvest all of their existing securities into Westpac Capital Notes 5.
The closing date for the offer is expected to be 6 March 2018.
AGL is a failure of stewardship, according to the CEO of Climate Energy Finance. ...
Vanguard is terminating its multi-factor active ETF. ...
BetaShares has announced the launch of new ETFs to offer investors access to two of the world’s most significant alternative energy sourc...
Get notifications in real-time for staying up to date with content that matters to you.
Read More
