Tag: subordinated_notes

Westpac to Issue US$750 Million in Tier 2 Subordinated Notes Due 2037

13 Nov 2026 2:59 p.m. · Source: NZX.com

Westpac will issue US$750 million of 6.252% fixed rate subordinated notes due November 2037, expected to qualify as Tier 2 capital and lift its Level 2 total capital ratio by less than 0.3%.

Business Banking Financial Markets Legal Australia Westpac Banking Corporation Tier 2 capital subordinated notes APRA Basel III cleansing notice ASX