Westpac launches $750 million capital notes raising

Bank moves on debt issue, a day after rival ANZ increases raising to $1bn.

Westpac Banking Corporation Ltd has launched a $750 million debt issue, hot on the heels of rival ANZ's $1 billion capital notes raising.

Westpac has priced the tier 2 capital securities at $100 apiece.

The offer includes a buyback option for holders of Westpac stapled preferred securities, who will be given priority under the raising. 


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