Westpac yesterday announced the successful completion of the Bookbuild for the Westpac Capital Notes 4 (Prospective ASX Code: WBCPG), setting the Margin at 4.90% over the 3-month Bank Bill Swap Rate (90BBSW). Due to strong investor demand Westpac closed the Bookbuild earlier than scheduled and also increased the Offer size to $1.45 billion.
For eligible holders, the Reinvestment Offer & Security Holder Offer opens on the 26th of May 2016.
The WBCPG Notes will commence trading on a deferred settlement basis on the 1st of July 2016, with normal settlement trading commencing on the 6th of July 2016.
