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Westpac Banking ( (AU:WBC) ) has shared an announcement.
On June 24, 2025, Westpac Banking Corporation entered into an underwriting agreement with several major financial institutions, including BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, and Morgan Stanley, to issue US$1.5 billion in notes due July 1, 2030. This issuance includes US$750 million in 4.354% fixed-rate notes and US$750 million in floating rate notes. The issuance is part of Westpac’s strategy to enhance its capital structure and support its financial operations, potentially impacting its market position and providing opportunities for stakeholders.
The most recent analyst rating on (AU:WBC) stock is a Sell with a A$28.00 price target. To see the full list of analyst forecasts on Westpac Banking stock, see the AU:WBC Stock Forecast page.
More about Westpac Banking
Westpac Banking Corporation is a major Australian bank that provides a wide range of financial services, including banking, wealth management, and insurance. It operates primarily in Australia and New Zealand, focusing on personal, business, and institutional banking services.
Average Trading Volume: 5,495,834
Technical Sentiment Signal: Buy
Current Market Cap: A$115.9B
For detailed information about WBC stock, go to TipRanks’ Stock Analysis page.