WBC 0.93% $32.40 westpac banking corporation

Nov 4 (Reuters) - Westpac Banking Corp (WBC) : ANNOUNCES A...

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    Nov 4 (Reuters) - Westpac Banking Corp (WBC) :

    • ANNOUNCES A NON-UNDERWRITTEN SHARE PURCHASE PLAN UNDER WHICH WESTPAC IS TARGETING TO RAISE APPROXIMATELY $500 MILLION
    • PROPOSED CAPITAL RAISING INCLUDES A FULLY UNDERWRITTEN $2 BILLION INSTITUTIONAL SHARE PLACEMENT
    • OFFER IS EXPECTED TO ADD ABOUT 46 TO 58 BASIS POINTS TO WESTPAC'S LEVEL 2 COMMON EQUITY TIER 1 CAPITAL RATIO
    • PLACEMENT WILL RESULT IN ABOUT 79 MILLION NEW SHARES BEING ISSUED
    • PLACEMENT WILL BE UNDERTAKEN AT A FIXED PRICE OF $25.32 PER NEW SHARE
    • NEW SHARES UNDER PLACEMENT ARE EXPECTED TO SETTLE ON 7 NOV
 
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$32.40
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