Westpac Capital Notes 5 - Completion of Bookbuild

Westpac Banking Corporation (WBC) on Friday 9 February 2018 announced the successful completion of the Bookbuild for the Westpac Capital Notes 5 (Prospective ASX Code: WBCPH).

The final margin was set at 3.20% p.a. over 90 Day BBSW, at the bottom of the indicative range (3.20 - 3.40%).

The Offer size has been increased to $1.45 billion (from $750 million), with the ability to raise more or less.

A replacement prospectus will be available tomorrow, 13 February 2018 and the final size of the offer will be determined following the close of the Reinvestment Offer and Securityholder Offer on 6 March 2018.