Westpac Banking Corporation (WBC.NZ)
- Simply Wall St.
Here's Why We Think Westpac Banking (ASX:WBC) Might Deserve Your Attention Today
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
- Reuters
Westpac to raise $488 million in additional Tier 1 capital
SYDNEY (Reuters) -Westpac Banking Corp, Australia's third-largest bank by market capitalisation, said on Monday it would raise A$750 million ($488.1 million) in an Additional Tier 1 (AT1) capital transaction. The notes will be issued at A$100 each and potential investors have been told the interest margin will be between 3.10% and 3.3%, according to an earlier Westpac statement. As part of the deal, investors in an earlier series of Westpac AT1 bonds will be eligible to reinvest in the new bonds.
- Bloomberg
Australian Consumer Sentiment Slumps Following RBA’s Rate Hike
(Bloomberg) -- Australia’s consumer confidence slumped in November following the Reserve Bank’s resumption of interest-rate increases, while firms reported an improved environment even as they fret over the outlook for the economy. Most Read from BloombergBiden, Xi to Announce China’s Crackdown on Fentanyl TradeThailand Takes $28 Billion Malacca Strait Bypass Plan to USWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets A
