Demand-management strategy to the fore as Westpac maintains tier-one capital position
- Wednesday, 21 May 2014
Strong demand for listed regulatory capital issuance and the bank's self-imposed issuance cap led Westpac Banking Corporation (Westpac) to use a carefully considered demand-management strategy in its latest tier-one hybrid security, the issuer says. Funds available for investment in the retail market are being boosted by the lagging impact of the downward repricing of deposits in line with movement in the cash rate over the last 18 months.
