Westpac launches minimum A$100 million tier-two EMTN
- Wednesday, 17 January 2018
Westpac Banking Corporation (Westpac) (AA-/Aa3/AA-) launched a minimum A$100 million (US$79.9 million), tier-two EMTN on 17 January. The 30-year bullet transaction, which will have a fixed coupon of 5 per cent, is expected to be rated BBB/Baa1 and to price on the same day as launch. TD Securities and Westpac Institutional Bank are leading.
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