Westpac Banking Corporation (Westpac) (AA-/Aa2/AA) set the margin on its retail-friendly hybrid transaction on February 23, with the 325 basis points over bank bill swap rate (BBSW) pricing level coming at the tighter end of the deal's indicative range. Westpac Convertible Preference Shares (Westpac CPS) launched on February 16 with a marketing range of 320-350 basis points over BBSW.
Sign in to continue and access full content
We will email you a code for a password-free sign in.
Or you can sign in manually with password.
Or you can sign in manually with password.
Can't sign in?
Become a registered user to receive these benefits:
- One-stop information source on the Australasian debt markets
- Keep up to date with the deals and trends making headlines
- Keep up to date with league tables
- Access to email updates on trending deals and news
Global Reach. Local Expertise
KangaNews is the trading name of BondNews Limited, a company registered in the UK and Australia. With our head office in Sydney and a satellite office in Europe, we are positioned to provide a one-stop information service on the Australasian fixed-income markets.
NEWS
QUICK LINKS
START YOUR FREE TRIAL
© Copyright 2024 KangaNews
Global Reach. Local Expertise
About us
Terms of Use
Privacy Policy
Contact