WSTP 6.252% 13Nov2037 Corp (USD)

Bond Factsheet

Westpac Banking Corp

Indicative

Full Lot

Bid Price

99.718

Change in Bid Price

remove 0.282

Bid Yield (%)

6.252 %

Change in Bid Yield

Ask Price

99.898

Change in Ask Price

remove 0.102

Ask Yield (%)

6.229 %

Change in Ask Yield

remove 0.023

Indicative price as of 06 Nov 2026, 4:03pm

chevron_leftchevron_right

Bond Information

Westpac Banking Corporation provides banking services. The Bank offers accounts checking, savings deposits, money market, mortgage, and term loans services, as well as card facilities and internet banking services. Westpac Banking serves customers worldwide.

Bond Issuer

Westpac Banking Corp

Guarantor

Announcement Date

05 Nov 2026

Issue Date

13 Nov 2026

Maturity Date

13 Nov 2037

Years to Maturity / Next Call

11.019 / 10.019

Modified Duration

7.642 @ 06 Nov 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

6.252

Coupon Type

Variable

Annual Coupon Rate

6.252

Coupon Frequency

Semi Annually

Seniority

Subordinated

Capital Structure

Tier 2

Reference Rate

Reset Date: 13 November 2036
Reset Rate: Prevailing 1-Year UST + Initial Spread (1.430%)

ISIN

USQ9742YCH29

CUSIP

DS9843009

Bond Currency

USD

Total Issue Size

750,000,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

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

Exchange Listed

Bond Feature(s)

Loss Absorption

Tier 2

Conversion or Write-off upon occurrence of a Non-Viability Trigger Event

The Subordinated Notes are subject, upon the occurrence of a Non-Viability Trigger Event, to Conversion or possible Write-off. If Conversion of the Subordinated Notes (or a percentage of the Outstanding Principal Amount of the Subordinated Notes) does not occur for any reason within five ASX Business Days after the Non-Viability Trigger Event Date, the Subordinated Notes (or a percentage of the Outstanding Principal Amount of the Subordinated Notes to be Converted) will be Written-off and the Holders’ rights in relation to the Subordinated Notes (including with respect to payments of interest or accrued but unpaid interest, and the repayment of Outstanding Principal Amount and, in the case of Conversion, the receipt of Ordinary Shares issued in respect of such Subordinated Notes) will be immediately and irrevocably written-off and terminated with effect on and from the Non-Viability Trigger Event Date, as described in “Description of the Notes—Additional Subordinated Note Provisions”.

Conversion

In the case of Conversion, Westpac will allot and issue to each Holder of Subordinated Notes the Conversion Number of Ordinary Shares for each Subordinated Note (subject always to the Conversion Number being no greater than the Maximum Conversion Number).

Non-viability: Contractual with conversion to Westpac ordinary shares. Cash out feature is available for holders.

Issuer Call

If specified in the applicable pricing supplement, (i) the Senior Notes of any series shall be redeemable, in whole or in part, at our option, at such time or times or upon the occurrence or satisfaction of such conditions as shall be specified in the applicable pricing supplement, and (ii) the Subordinated Notes of any series shall be redeemable, in whole but not in part, at our option on the specified date prior to the stated maturity date, as specified in the applicable pricing supplement (and any such optional redemption of Subordinated Notes shall not be permitted earlier than the fifth anniversary of the issue date) unless otherwise provided in the applicable pricing supplement. Unless the applicable pricing supplement provides otherwise, if the Notes of any series are redeemable at our option, we may redeem the Notes of such series upon not less than 10 nor more than 60 days’ notice, subject to limited exceptions. Any optional redemption of the Subordinated Notes does not imply or indicate that we will in the future exercise any right we may have to redeem any other outstanding regulatory capital instruments issued by us. Any such redemption would also be subject to APRA’s prior written approval (approval is at the discretion of APRA which may or may not be given).

Call Date: November 13, 2036

Additional Note

Redemption for regulatory reasons

The Fiscal Agency Agreement provides that if a Regulatory Event (as defined below) has occurred, the Issuer may, subject to the conditions described below and provided that the Issuer has obtained a supporting opinion of advisors of recognized standing in Australia or confirmation from APRA, redeem any series of Subordinated Notes in whole, but not in part, at a redemption price, equal to the Outstanding Principal Amount of the Subordinated Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.

A “Regulatory Event” shall, with respect to any of the Subordinated Notes of a series, mean that either:

• as a result of any amendment to, clarification of or change (including any announcement of a change that will be introduced) in, any law or regulation of the Commonwealth of Australia or the Prudential Standards, or any official administrative pronouncement or action or judicial decision interpreting or applying such law, regulation or Prudential Standards, which amendment, clarification or change is effective, or pronouncement, action or decision is announced, on or after the issue date of the Subordinated Notes of such series; or

• written confirmation is received from APRA after the issue date of the Subordinated Notes of such series that, the Issuer is not or will not be entitled to treat all of the Subordinated Notes of such series as Tier 2 Capital in whole, provided that, in each case, the Issuer did not expect at the issue date of the Subordinated Notes of such series that the matter giving rise to the Regulatory Event would occur

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.

Coupon Dates	Coupon Receive	Principal Amount	Cash Flow

No Data