More of the same with Westpac Capital Notes 2

Interest rates are low, banking regulations are tightening and investors are frustrated by low yields on the stockmarket. It's the perfect environment for banks to issue all sorts of complicated securities loaded with 'features' that favour the issuer at the expense of unwary investors.  Westpac is wading back into the market with its Westpac Capital Notes II (ASX Code: WBCPE). As you'd expect if you've been following our reviews of these lopsided issues over the past couple of years, we're not keen on this one either. But if you own the precursor to this issue – Westpac Capital Notes...

Interest rates are low, banking regulations are tightening and investors are frustrated by low yields on the stockmarket. It's the perfect environment for banks to issue all sorts of complicated securities loaded with 'features' that favour the issuer at the expense of unwary investors. 

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