Westpac Banking Corp
Indicative
Full Lot
Indicative price as of 02 Oct 2026, 4:33pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Westpac Banking Corp
Guarantor
-
Announcement Date
05 Feb 2026
Issue Date
12 Feb 2026
Maturity Date
12 Feb 2041
Years to Maturity / Next Call
14.373 / 9.367
Modified Duration
9.241 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
6.085
Coupon Type
Variable
Annual Coupon Rate
6.085
Coupon Frequency
Semi Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
Reset Date: 12 February 2036 and every quarter thereafter
Reset Rate: ASX Australian Bank Bill Short Term Rates 3 Month Mid + Initial Margin (1.330%)
ISIN
AU3CB0331130
CUSIP
YI7312337
Bond Currency
AUD
Total Issue Size
1,500,000,000
Min. Investment Quantity (Nominal)
AUD 10,000
Incremental Quantity (Nominal)
AUD 10,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/ AA-
Bond Credit Rating (S&P/ Fitch)
***/ A-
Shariah Compliant
No
Exchange Listed
No
Tier 2
(i) subject to Conditions 4.3 (“Solvency condition”) and 8.3(c), and satisfaction of any relevant conditions specified in the Supplement; and
(ii) unless previously redeemed, purchased and cancelled, Converted or Writtenoff, then the Issuer having given notice in accordance with Condition 8.6 (“Notice of redemption”) may redeem all (but not, unless and to the extent that the Supplement specifies otherwise, some only) of the Subordinated Notes on the Early Redemption Date (Call) at the Early Redemption Amount (Call).
Early Optional Redemption: [12] February 2036 (10 years) and each Interest Payment Date thereafter up to (but excluding) the Maturity Date.
Cash Flow Information