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
News20 Sep 2021 Healthia raising $60m to buy Back in Motion’s 64 physiotherapy clinics
ASX-listed diversified healthcare group Healthia is raising $60 million to fund the acquisition of 64 physiotherapy clinics from Back in Motion.   Heathia will split the raise as a... Read More
News13 Sep 2021 Superhero snaps up $15m via Shaw and Partners, IPO in new year Share trading
Share trading group Superhero has raised $15 million in a private funding round targeted see it through to an initial public offering slated for early next year. It is understood... Read More
News10 Sep 2021 Shaw and Partners picks up five new advisers, moves to $30b AUM
Shaw and Partners boss Earl Evans has unveiled five new private client advisers for the firm’s offices across the country.   It is understood Shaw management told staff on Thursd... Read More
News10 Sep 2021 Shaw and Partners extends its sponsorship of the Manly Sea Eagles
Manly Warringah Sea Eagles have received a further boost heading into week one of the NRL finals with Shaw and Partners Financial Services confirming a two year extension of their ... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%