On 12 November, Westpac Banking Corporation (Westpac) launched its additional tier-one (AT1) notes offer, Westpac Capital Notes 6. The forthcoming deal is expected to raise A$750 million (US$541.5 million), with the ability to take more or less. The transaction is being marketed at 370-390 basis points over three-month bank bills, with the final margin to be determined at the completion of a bookbuild, expected 19 November.