WBC 2.46% $28.98 westpac banking corporation

westpac tps, page-8

  1. 10,373 Posts.
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    All part of balance sheet management and it is a very cheap way of raising Tier 1 capital. Will diversify their funding base and perhaps enable further share bb's in the future, viz will enable them to replace equity with debt (much cheaper to service)
 
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