Bond WestPac Bank 2.7% ( US961214DC40 ) in USD

Issuer	WestPac Bank
Market price	100 % ▲
Country	Australia
ISIN code	US961214DC40 ( in USD )
Interest rate	2.7% per year ( payment 2 times a year)
Maturity	19/08/2026
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Minimal amount	2 000 USD
Total amount	1 000 000 000 USD
Cusip	961214DC4
Standard & Poor's ( S&P ) rating	AA- ( High grade - Investment-grade )
Moody's rating	Aa3 ( High grade - Investment-grade )
Next Coupon	19/08/2025 ( In 17 days )
Detailed description	Westpac Banking Corporation is Australia's second-largest bank by assets, offering a diverse range of financial services including personal and business banking, wealth management, and institutional banking across Australia, New Zealand, and the Pacific Islands. This report details a significant fixed-income offering from Westpac Banking, a prominent Australian financial institution. Westpac Banking Corporation, founded in 1817 and headquartered in Australia, is recognized as one of the nation's "big four" banks, holding the distinction of being Australia's oldest company and first bank. It provides an extensive array of banking and financial services to retail, business, and institutional clients across Australia, New Zealand, and globally, with its long-standing presence and diversified operations underpinning its financial stability. The bond in question, identifiable by ISIN US961214DC40 and CUSIP 961214DC4, is a USD-denominated instrument with a fixed interest rate of 2.7%. As of the latest market data, the bond is trading at 100% of its par value. Income payments are scheduled on a semi-annual basis, with the bond maturing on August 19, 2026. The total size of this particular issuance is USD 1,000,000,000, signifying a substantial offering in the debt capital markets. For investors, the minimum purchase size is set at USD 2,000, making it accessible for various portfolio allocations. This Westpac Banking bond carries strong investment-grade credit ratings from leading agencies, affirming its high credit quality; Standard & Poor's (S&P) has assigned a rating of AA-, while Moody's has provided an Aa3 rating, reflecting the issuer's robust financial health and its capacity to honor its debt commitments.