Series 2019-7 Subordinated Instruments - Call Notice
15 July 2024
Market Announcements Office
ASX Limited
20 Bridge Street
Sydney NSW 2000
Level 18, 275 Kent Street
Sydney, NSW 2000
Call Notice – Series 2019-7 AUD1,000,000,000 Callable Floating Rate Subordinated
Notes due 27 August 2029 (ASX code: WBCHCW)
Westpac Banking Corporation has released the attached Call Notice for the Series 2019-7
AUD1,000,000,000 Callable Floating Rate Subordinated Notes due 27 August 2029 (the
“Notes”) issued under the Westpac Banking Corporation Debt Issuance Programme dated 20
July 2018 (ASX code: WBCHCW). The Call Notice is being sent to all holders of the Notes via
the clearing systems in the form attached to this announcement in accordance with the terms
and conditions of the Notes.
This document has been authorised for release by Tim Hartin, Company Secretary.
To: The Holders of all Instruments referred to below
CALL NOTICE
Westpac Banking Corporation AUD1,000,000,000 Callable Floating Rate
Subordinated Notes due 27 August 2029 (“Instruments”)
issued under the Westpac Banking Corporation Debt Issuance Programme (the
"Programme")
Pursuant to Condition 8.3 of the Conditions of the Subordinated Notes (the “Note
Conditions”) as set out in the Information Memorandum for the Programme dated 20
July 2018, Westpac Banking Corporation hereby gives notice to redeem in whole the
following Instruments:
DETAILS OF INSTRUMENTS
Series No: 2019-7
ISIN: AU3FN0049672
Early Redemption Amount (Call): AUD1,000,000,000
Early Redemption Date (Call): 27 August 2024
Series redeemed in whole and
accrued interest to be paid: 100 per cent of the Outstanding Principal
Amount together with interest payable
for the Interest Period from and including
27 May 2024 to but excluding 27 August
2024 calculated in accordance with
Condition 7.3 of the Note Conditions.
Westpac’s redemption of the Instruments does not imply or indicate that Westpac will
in the future exercise any right it may have to redeem any other outstanding
regulatory capital instruments issued by Westpac. Any such redemption would also
be subject to APRA’s prior written approval (which may or may not be given).
Date:15 July 2024
Westpac Banking Corporation
__________________________
Guy Volpicella
Head of Structured Funding and Capital, Group Treasury
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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