Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Westpac Banking Corporation
  6. News
  7. Summary
    WBC   AU000000WBC1

WESTPAC BANKING CORPORATION

(WBC)
  Report
Delayed Australian Stock Exchange  -  12:10:45 2023-01-27 am EST
23.93 AUD   +1.10%
01/25Dusk Group CEO, Managing Director to Resign; Shares Slip 3%
MT
01/18Energy stocks push Australian shares lower; BHP Group rises
RE
01/17Westpac Banking : Issuer Document
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australia's Westpac to tap U.S. dollar bond market - term sheet

11/09/2022 | 01:27am EST
FILE PHOTO: An office building with Westpac logo is seen in Sydney

SYDNEY (Reuters) - Australia's Westpac Banking Corp has mandated banks to work on two- and five-year U.S. dollar bond issuances, according to a term sheet reviewed by Reuters.

It becomes the second Australian institution to tap international funding markets in two days, after Australia and New Zealand Banking Group raised 2 billion euros ($2.01 billion) in a covered bond on Tuesday.

Westpac did not immediately respond to a request for comment.

Westpac raised A$2.8 billion ($1.82 billion) in an Australian-dollar-denominated bond on Monday, domestic media said.

The bank plans to issue in U.S. dollars a two-year fixed rate bond, a two-year floating rate note, and a five-year fixed rate transaction, the term sheet showed.

On Monday the bank reported a drop of 1.4% in its cash earnings to A$5.28 billion for the year ended Sept. 30

It mandated Bank of America, Citigroup and JPMorgan to work on the deal along with its own institutional desk.

The final pricing is due to be set later in the New York trading session on Wednesday, subject to market conditions, according to the term sheet.

Westpac planned to use the U.S. dollar proceeds from the bonds for general corporate purposes, the term sheet showed.

($1=0.9930 euros)

($1=A$1.5399)

(Reporting by Scott Murdoch in Sydney; Editing by Clarence Fernandez and Christian Schmollinger)

By Scott Murdoch


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ANZ GROUP HOLDINGS LIMITED 1.54% 24.98 Delayed Quote.5.58%
AUSTRALIAN DOLLAR / CANADIAN DOLLAR (AUD/CAD) 0.01% 0.94472 Delayed Quote.2.69%
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) -0.02% 92.219 Delayed Quote.3.35%
AUSTRALIAN DOLLAR / NEW ZEALAND DOLLAR (AUD/NZD) 0.10% 1.09455 Delayed Quote.2.19%
AUSTRALIAN DOLLAR / SWISS FRANC (AUD/CHF) -0.85% 0.6485 Delayed Quote.4.02%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.00% 0.7103 Delayed Quote.4.40%
BANK OF AMERICA CORPORATION 0.31% 35.45 Delayed Quote.7.04%
BRITISH POUND / AUSTRALIAN DOLLAR (GBP/AUD) 0.00% 1.7453 Delayed Quote.-1.71%
CITIGROUP INC. -0.63% 51.86 Delayed Quote.14.66%
EURO / AUSTRALIAN DOLLAR (EUR/AUD) -0.01% 1.52934 Delayed Quote.-2.47%
WESTPAC BANKING CORPORATION 1.10% 23.93 Delayed Quote.2.48%
All news about WESTPAC BANKING CORPORATION
01/25Dusk Group CEO, Managing Director to Resign; Shares Slip 3%
MT
01/18Energy stocks push Australian shares lower; BHP Group rises
RE
01/17Westpac Banking : Issuer Document
PU
01/17Westpac Banking : Issuer Document
PU
01/16Australia shares hit 7-month peak on commodity, financial boost
RE
01/12Fitch Ratings Rates Westpac Banking's GBP750 Million Mortgage Covered Bond at AAA
MT
01/12Fitch Rates Westpac's GBP750m Series 2023-C1 Mortgage Covered Bond 'AAA'; Outlook Stabl..
AQ
01/11Westpac Banking : Issuer Document
PU
01/09Westpac Banking : Issuer Document
PU
01/04Australian shares post best day in nearly 8 weeks as banks, miners jump
RE
More news
Analyst Recommendations on WESTPAC BANKING CORPORATION
More recommendations
Financials
Sales 2023 22 084 M 15 697 M 15 697 M
Net income 2023 8 001 M 5 687 M 5 687 M
Net Debt 2023 - - -
P/E ratio 2023 11,1x
Yield 2023 5,91%
Capitalization 83 852 M 59 600 M 59 600 M
Capi. / Sales 2023 3,80x
Capi. / Sales 2024 3,76x
Nbr of Employees 37 476
Free-Float 99,5%
Chart WESTPAC BANKING CORPORATION
Duration : Period :
Westpac Banking Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WESTPAC BANKING CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Last Close Price 23,93 AUD
Average target price 24,72 AUD
Spread / Average Target 3,30%
EPS Revisions
Managers and Directors
Peter Francis King Director
Michael Rowland Chief Financial Officer
John McFarlane Non-Executive Chairman
Richard Holmes Chief Information Officer-Business
Scott Collary Group Executive-Customer Services & Technology