WESTPAC BKG 23/28 MTN FLRWESTPAC BKG 23/28 MTN FLRWESTPAC BKG 23/28 MTN FLR

WESTPAC BKG 23/28 MTN FLR

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XS257368688 analysis



Key facts


Issue date
Jan 11, 2023
Maturity date
Jan 11, 2028
Outstanding amount
‪750.00 M‬GBP
Face value
1,000.00GBP
Minimum denomination
100,000.00GBP
Coupon
5.67% (Variable)
Yield to maturity
5.59%
Westpac Banking Corp. engages in the provision of banking and financial services. It operates through the following segments: Consumer, Business, Westpac Institutional Bank, Westpac New Zealand, Specialist Businesses and Group Businesses. The Consumer segment provides banking products, including mortgages, credit cards, personal loans, and savings and deposit products. The Business segment serves the banking needs of SME and commercial customers, including agribusiness and provides banking and advisory services to high net worth individuals through private wealth. The Westpac Institutional Bank segment provides a broad range of financial products and services to corporate, institutional and government customers. The Westpac New Zealand segment provides banking, wealth and insurance products and services for consumer, business and institutional customers in New Zealand. The Specialist Businesses segment comprises the operations that Westpac ultimately plans to exit with agreements in place for the sale of Westpac Life Insurance and motor vehicle dealer finance and notated leasing businesses. The Group Businesses segment includes the results of unallocated support functions such as treasury, chief operating office and core support. It also includes group-wide elimination entries arising on consolidation, centrally raised provisions and other unallocated revenue and expenses. The company was founded in 1817 and is headquartered in Sydney, Australia.
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