Westpac announces domestic 10NC5 tier-two deal

Wednesday, 20 January 2021

On 20 January, Westpac Banking Corporation (AA-/Aa3) revealed plans for a potential self-led, Australian dollar denominated, 10-year non-call five-year (10NC5), tier-two, benchmark transaction. Offered in either or both fixed and floating-rate note formats, the notes are expected to be rated BBB+/Baa1.