Cwnhb crown subordinated notes ii 50 djw djerriwarrh investments 40 dxs dexus 50 fmg fortescue metals group ltd 50 ethi betashares global sustainability. Wbcha westpac subordinated notes 55 asx code stock name security ratio % wbchb westpac subordinated notes ii 55 wbcpc westpac convertible preference shares 55 wbcpd westpac capital notes 55 wbcpe westpac capital notes 2 55 wbcpf westpac capital notes 3 55 westpac capital notes 4 55 wctpa westpac tps trust red conv pref 55. Nab super lever approved investment list as at 31 july 2017. Westpac capital notes ii recom m endation add security issue size hold credit quality continued to improve and when comparing 2h14 to 2h, gross impaired assets fell 35%. Wbc has an option to redeem the notes early at the fiveyear mark, on any subsequent interest payment date, or following a taxation or regulatory event, subject to apra approval. The offer this prospectus relates to an offer of subordinated notes notes ii to be issued. Nab capital notes 3 are convertible notes directly issued by nab on 20 march 2019 and listed. Cwnhb crown resorts ltd subordinated notes ii 70% 60% rhcpa ramsay health care limited cares 75% 70% cgf challenger limited 65% 60% cgfpa challenger capital notes 65% 60% cgfpb challenger capital notes 2 65% 60% csr csr limited 65% 60% ctd corporate travel management limited 55% 40% gpt gpt group 70% 65%. Morgans was a joint lead manager to the issue of the nab cps2 and received fees in this regard. The nab subordinated notes 2 offer includes a reinvestment offer to eligible nab subordinated notes holders, which will enable those holders to apply to sell all or some of their nab subordinated notes to nab with the proceeds applied to the application payment for nab subordinated notes 2. Westpac group 2017 financial calendar westpac financial. Wbcha are subordinated, unsecured securities with a 10year maturity. Wbc today announced the redemption of the westpac subordinated notes asx. Westpac announces redemption of subordinated notes.
Jul 18, 20 westpac subordinated notes ii these are just like the first version westpac subordinated notes but worse. All westpac capital notes were transferred to ubs ag, australia branch the nominated party. Currency the notes will be denominated in new zealand dollars. The notes offered under this prospectus are designated as series 201. Notes will mature on 24 november 2036, unless redeemed earlier.
Notes 2, visit the westpac capital notes 2 website or go to. In particular, the guide focuses on hybrids typically issued by australian banks to retail investors bank hybrids. The bnz subordinated notes are not call deposits or term deposits with bnz and may not be suitable for many investors. Wbchb ex date for quarterly interest payment february 2017 record date for quarterly interest payment 14 february 2017 payment date for quarterly interest payment 22 february 2017 ex date for quarterly interest payment 11 may 2017. The notes will be treated as tier 2 capital for bnz and for the nab level 2 group. For information about the reinvestment offer for westpac subordinated notes ii, go to. This prospectus relates to the offer of westpac capital notes 6.
Westpac subordinated notes are unsecured notes for the purposes of the corporations act and, under section 70819, do not require a prospectus for their issue. The nab subordinated notes 2 are not call deposits or term deposits with nab and may not be suitable for all investors. The offer is made pursuant to a prospectus which was lodged with the australian securities and investments commission asic on 17 march 2015. Transfer means the transfer of the reinvestment capital notes to the nominated party in accordance with clause 7aii of the terms and the. Relative value comparable listed securities lonsec considers westpac subordinated notes ii wbchb, suncorp subordinated notes sunpd and nab subordinated notes nabhb to be the closest. Anz securities, commonwealth bank, deutsche bank, nab, ubs and westpac are joint lead managers jlms for the offer. Listed credit australia july 3, 2015 cps3 and received fees in this regard. Asx circular westpac banking corporation subordinated notes. Westpac banking corporation subordinated notes ii deferred settlement trading on 10 july 20, westpac banking corporation the company announced an offer of fully paid, redeemable, subordinated, unsecured and registered debt obligations of the company the subordinated notes ii. The amp notes ii are a subordinated debt security with a call date of 18 december 2018, when the issuer may redeem the security. Key terms of the debt security westpac s the subordinated notes notes are direct, subordinated and.
Nab super lever approved investment list as at 31 july. Redemption of westpac subordinated notes ii asx code. Westpac subordinated notes ii will qualify as tier 2 capital under the australian prudential regulation authoritys basel iii. Westpac subordinated notes ii offer media release final. Update national australia bank limited nab subordinated. Lonsec income investments nab subordinated notes 2 nabpe. Key terms of the debt security westpacs the subordinated notes notes are direct, subordinated and. The notes are fully paid, redeemable, subordinated, unsecured and. The notes will cease trading on the 11th of august 2017. Woolworths has the right to redeem notes from 24 november 2016, or earlier in certain circumstances.
Nab subordinated notes 2 nabpe disclaimer and disclosure at the end of this document. Westpac subordinated notes ii july 20 disclaimer 2 this presentation is not for distribution to any u. Westpac subordinated notes ii these are just like the first version westpac subordinated notes but worse. They are not guaranteed or secured and are not a deposit account or any other account of nab. Cash payments and bank cheques will not be accepted. Westpac capital notes trade under asx code wbcpd westpac. Programme documents the notes are constituted and issued under. If the security is not redeemed early by the issuer it will mature on the.
Lonsec income investments nab subordinated notes 2. The term hybrid is generally used to describe securities that have features of both debt instruments fixed income and equity instruments shares. Wbcpd westpac capital notes 55 wbcpe westpac capital notes 2 55 wbcpf westpac capital notes 3 55 wbcpg westpac capital notes 4 yield maximiser fund 55. May 07, 2014 the westpac capital notes 2 offered under this prospectus are designated as series 20141. The bnz subordinated notes are complex securities and riskier than a term deposit. Westpac nz subordinated and unsecured liabilities 2,609 equity 7,417. Mar 23, 2020 nabpb nab convertible preference shares ii 55 nabpd nab capital notes 55 nabpc nab capital notes 2 55 nabpf nab capital notes 3 55 nabpe nab subordinated notes 2 55 nabpf nab subordinated notes 3 55 ncm newcrest mining 55 nec nine entertainment co. In a statement, westpac said the notes were not being offered to retail investors. By continuing to use this site, we assume youre ok with our notice. On a winding up of suncorp, there is a risk that you may lose some or all of the money you invested in the notes because if there are insufficient assets to satisfy securities and obligations ranking ahead of the notes, you will not be repaid any or all of the face. Dec 22, 2016 westpac subordinated notes ii asx code. The interest rate on the notes is fixed for 5 years until the optional redemption date 17 december 2020 when it. Westpac capital notes 2 are fully paid, noncumulative, convertible, transferable, redeemable, subordinated, perpetual, unsecured notes issued by westpac.
Nab super lever approved investment list as at 5 february. Dealers westpac nz may appoint dealers and managers for particular note issuances from time to time at its discretion. This guide has been developed by westpac to help investors understand some of the typical features and risks associated with an investment in australian hybrid capital securities hybrids. Westpac subordinated notes ii wbchb analysis july 17, 20 0. Nabpe represents a long overdue new asx listed issue of tier 2. E westpac banking corporation westpac abn 33 007 457 141 cheque details cheques must be made payable to westpac subordinated notes ii offer in australian dollars drawn on an australian branch of a financial institution and crossed not negotiable. This document forms part of the product disclosure statement dated 17 december 2018, as supplemented from time to time product disclosure statement for the medium term note programme of westpac new zealand limited westpac nz. Westpac s guide to bank hybrids, a webbased guide to help investors understand some of the typical features and risks associated with an investment in bank hybrid securities. Westpac subordinated notes ii wbchb, which were both launched in july 20 and listed in august 20.
Healthscope notes limited acn 147 250 780 for personal use only. Westpac subordinated notes ii will qualify as tier 2 capital under the australian prudential regulation authoritys basel iii capital adequacy framework. Unlike the capital notes discussed above, the sub notes which are treated as tier 2 regulatory capital, rather than tier 1 at least have a repayment date. Westpac new zealand limited otherwise referred to as the bank. Westpac hybrid securities, preference shares, capital notes and subordinated notes listed on the australian securities exchange. Westpac banking corporation westpac subordinated notes. Wbcha westpac subordinated notes wbchb westpac subordinated notes ii preference shares capital notes amppa amp capital notes. Westpac stapled preferred securities westpac sps westpac. Defined words and expressions some words and expressions used in this offer document have defined meanings. Morgans was a joint lead manager to the issue of the anz capital notes 2 and received fees in this regard. Prospectus healthscope subordinated notes ii for personal use. Nab subordinated notes 2 are subordinated, unsecured notes issued by nab on 20 march 2017 and listed on the asx under the code nabpe. Westpac capital notes transfer reinvestment capital notes.
Westpac stapled preferred securities westpac sps ii westpac. Wbchb of westpac banking corporation the company will be suspended at the close of business today, friday 10 august 2018, in accordance with listing rule 17. Westpac subordinated notes 16 july 2012 westpac subordinated notes wbcha loss of tier 2 capital status an incentive to redeem at year 5 apra has advised westpac that wbcha is expected to be eligible for inclusion as tier 2 capital under its transitional provisions of its current prudential standards for the. Wbcpe westpac capital notes 2 55 wbcpf westpac capital notes 3 55 wbcpg westpac capital notes 4 55 wbcph westpac capital notes. Bnz subordinated notes are subordinated unsecured debt securities of bank of new zealand that were issued on 17 december 2015 and are quoted on the nzx debt market. Although the terms may vary considerably from one hybrid to another, hybrids are generally issued by wellknown companies and banks, like westpac. Wbchb westpac subordinated notes ii 55 wbcpc westpac convertible preference shares 55 wbcpd westpac capital notes 55 wbcpe westpac capital notes 2 55 wbcpf westpac capital notes 3 55 westpac capital notes 4 55 wctpa westpac tps trust red conv pref 55 wes wesfarmers limited 55 wfd westfield corporation 55. Notes are dated, unsecured, subordinated, cumulative notes issued by woolworths offering investors a floating rate of interest plus a fixed margin. Anzha anz subordinated notes aqhha apa subordinated notes ctxha caltex subordinated notes cwnha crown subordinated notes cwnhb crown subordinated notes ii nabhb national bank subordinated notes qubha qube subordinated notes sunpd suncorp subordinated notes ttsha tatts bonds tahhb tabcorp subordinated notes wbcha westpac. Our notice explains how we use cookies and how you can manage them.
Nab subordinated notes payment history and relevant asx announcements from 18 september 2012 to 19 june 2017 asx announcement notice of redemption of nab subordinated notes nsn pdf, 286kb nab subordinated notes offer document pdf, 2. Wbcs baddebt charge fell to 35bp of nonhousing lending in fy14 which is the lowest of the major banks. Westpac banking corporation today announced that it will redeem all of. Notes on a liquidation of westpac nz secured liabilities 6,002 2 liabilities preferred by law, including employee entitlements and amounts payable to inland revenue 181 liabilities that rank equally with notes. The first round of access is through a broker firm allocation, prior to shareholder offer and listing in august. Westpac subordinated notes ii ipo allocation funds focus. Notes ii summary issuer healthscope notes limited subordinated to senior debt of c. Aug 23, 2017 brief westpac banking redeemed all of its westpac subordinated notes. Level 20, 275 kent street sydney nsw 2000 australia. Westpac new zealand limited medium term note programme. Westpac new zealand limited 1 general information and definitions certain information contained in this disclosure statement is required by section 81 of the reserve bank of new zealand act 1989 reserve bank act and the registered bank disclosure statements new zealand incorporated registered banks order 2014 order.
Westpac subordinated notes do not constitute protected accounts or deposit liabilities under the banking act 1959 of australia banking act. Nab super lever approved investment list as at 23 march 2020. Asx announcement 23 august 2017 redemption of westpac subordinated notes asx code. Mar 12, 20 westpac institutional bank comanager bell potter prospectus healthscope subordinated notes ii prospectus for the offer of healthscope subordinated notes ii known as notes ii to be listed on asx issuer. Morgans was a participating broker to the issue of the sun. Nab super lever approved investment list as at 23 march. Words and phrases not defined in this disclosure statement, but defined by the order, have the meaning given by the order when used in this disclosure statement. The related asx announcement can be found here pdf 89kb. New issue announcement, and agreement for personal use only. Person or address in the united states this presentation has been prepared and authorised by westpac banking corporation abn 33 007 457 141, afsl 233714 in connection with a proposed offer of westpac subordinated notes ii offer. Westpac announces redemption of subordinated notes asx. Westpac subordinated notes ii will only be issued if westpac has received an application. Westpac institutional bank comanager bell potter prospectus healthscope subordinated notes ii prospectus for the offer of healthscope subordinated notes ii known as notes ii to be listed on asx issuer.
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