On 9 November, Westpac Banking Corporation (Westpac) (AA-/Aa3/AA-) revealed it is considering a new, Australian dollar denominated additional tier-one (AT1) capital transaction. ANZ, Commonwealth Bank of Australia, J.P. Morgan, Morgans, National Australia Bank, UBS and Westpac Institutional Bank have been mandated for the potential deal and will arrange a domestic roadshow.