WSTP 3.000% 19May2038 Corp (SGD)

Bond Factsheet

Westpac Banking Corp

Indicative

Full Lot

Bid Price

96.167

Change in Bid Price

remove 0.083

Bid Yield (%)

3.517 %

Change in Bid Yield

remove 0.014

Ask Price

96.717

Change in Ask Price

remove 0.083

Ask Yield (%)

3.459 %

Change in Ask Yield

remove 0.015

Indicative price as of 01 Oct 2026, 3:50pm

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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

12 May 2026

Issue Date

19 May 2026

Maturity Date

19 May 2038

Years to Maturity / Next Call

11.636 / 6.633

Modified Duration

9.567 @ 01 Oct 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

3.000

Coupon Type

Variable

Annual Coupon Rate

3.000

Coupon Frequency

Semi Annually

Seniority

Subordinated

Capital Structure

Tier 2

Reference Rate

Reset Date:19 May 2033
Reset Rate: prevailing 5-year SORA OIS + Initial Spread (0.923%)

ISIN

XS3382707555

CUSIP

DK6302725

Bond Currency

SGD

Total Issue Size

500,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

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

Others

Bond Feature(s)

Loss Absorption

Tier 2

A Non-Viability Trigger Event will occur when APRA notifies the Issuer in writing that it believes:

• Conversion or Write-off of Subordinated Instruments or conversion, write-off or write down of Relevant Securities is necessary because, without it, the Issuer would become non-viable; or

• a public sector injection of capital, or equivalent support, is necessary because, without it, the Issuer would become non-viable.

If for any reason Conversion of a Subordinated Instrument (or a percentage of the Outstanding Principal Amount of each Subordinated Instrument) required to be Converted under Condition 5.1 (“Non-Viability Trigger Event”) does not occur within five ASX Business Days after the Non-Viability Trigger Event Date, then the relevant Holders’ rights and claims in relation to such Subordinated Instruments or the percentage of the Outstanding Principal Amount of such Subordinated Instruments to be Converted (including to payments of interest or accrued but unpaid interest, any Additional Amounts and the repayment of the Outstanding Principal Amount and, in the case of Conversion, to be issued with the Conversion Number of Ordinary Shares in respect of such Subordinated Instruments or percentage of the Outstanding Principal Amount of each Subordinated Instrument), are immediately and irrevocably written-off and terminated with effect on and from the Non-Viability Trigger Event Date and investors will lose all or some of their investment and will not receive any compensation.

In respect of Conversion, Condition 6.10 (“Conversion: Clearing Systems, where the Holder does not wish to receive Ordinary Shares or is an Ineligible Holder”) includes a provision that enables the sale of shares, on Conversion, for cash, subject to possible Write-off.

Issuer Call

Subject to the rest of this paragraph, the Issuer may redeem the Subordinated Instruments in whole, or in part, on the Interest Payment Date scheduled to fall on 19 May 2033 (the “Optional Redemption Date”). Any early redemption will be subject to the prior written approval of APRA. Any such approval is at the discretion of APRA and may or may not be given and Holders should not expect that APRA approval will be given if requested by the Issuer. Any redemption of Subordinated Instruments does not imply or indicate that the Issuer will in future exercise any right it may have to redeem any other outstanding regulatory capital instruments issued by the Issuer. Any such redemption would also be subject to APRA’s prior written approval (which may or may not be given).

Additional Note

Additional Issuer Call Rights

The Issuer may redeem the Subordinated Instruments in whole, but not in part, before the Maturity Date for certain tax and regulatory reasons. Redemption shall be at the Outstanding Principal Amount together with accrued but unpaid interest (if any). Any early redemption will be subject to the prior written approval of APRA. Any such approval is at the discretion of APRA and may or may not be given and Holders should not expect that APRA approval will be given if requested by the Issuer. Any redemption of Subordinated Instruments does not imply or indicate that the Issuer will in future exercise any right it may have to redeem any other outstanding regulatory capital instruments issued by the Issuer. Any such redemption would also be subject to APRA’s prior written approval (which may or may not be given). Holders have no right to request redemption before the Maturity Date.

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