Shaw and Partners appointed as Joint Lead Manager to the Westpac Capital Notes 8 offer News17 Aug 2021

Shaw and Partners is pleased to be appointed as Joint Lead Manager to the Westpac Capital Notes 8 offer. 

 

Today Westpac Banking Corporation has announced an offer of fully paid, non-cumulative, convertible, redeemable and transferable, perpetual, unsecured and subordinated notes which will be quoted on the ASX under the trading code WBCPK.

 

Westpac intends to raise $1 billion (issue price of $100 per note) with the ability to raise more or less. The offer includes a Reinvestment Offer, which is a priority offer to Eligible Westpac Capital Notes 4 holders to reinvest all or some of their Westpac Capital Notes 4 in the Westpac Capital Notes 8.

 

Margin is expected to be in the range of 2.90% to 3.10% per annum and will be determined at the end of the bookbuild.  Quarterly distributions are expected to be fully franked.

 

The Prospectus contains important information about investing in Westpac Capital Notes 8 and should be read in full before applying. The offer is only open to Australian Resident clients.

 

For more information about the offer or to obtain a copy of the Prospectus please contact your Shaw and Partners Adviser today.

Related Articles
News14 Aug 2022 Covers Taken Off Boost Wildcard Livery
Boost Mobile Racing powered by Erebus has lifted the covers off the wildcard Greg Murphy and Richie Stanaway will run at this year’s Bathurst 1000.   The fresh paint scheme was u... Read More
News12 Aug 2022 Shaw and Partners teams up with Jack Perkins to pay homage to his father's Holden past
Jack Perkins will pay homage to father Larry’s Holden past with a special livery for his Super2 cameo.   The second-generation driver will line up in an Eggleston Motorsport Comm... Read More
News11 Aug 2022 Congratulations on Shaw Managed Accounts surpassing $2 billion in FUM
It's a great time to be at Shaw and Partners! We are excited to celebrate the successes of the Shaw Managed Accounts surpassing $2 billion in FUM, which is an incredible accomplish... Read More
News09 Aug 2022 Shaw Managed Accounts reach $2 billion in Funds Under Management
Shaw Managed Accounts reach $2 billion in Funds Under Management   Shaw and Partners is proud to announce that Funds Under Management in its market leading Shaw Managed Accounts ... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%