Bond WestPac Bank 3% ( US96121BBM81 ) in USD
Issuer | WestPac Bank | ||
Market price | 100 % ⇌ | ||
Country | ![]() |
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ISIN code |
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Interest rate | 3% per year ( payment 2 times a year) | ||
Maturity | 20/06/2027 - Bond has expired | ||
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Minimal amount | 1 000 USD | ||
Total amount | 7 000 000 USD | ||
Cusip | 96121BBM8 | ||
Standard & Poor's ( S&P ) rating | AA- ( High grade - Investment-grade ) | ||
Moody's rating | Aa3 ( High grade - Investment-grade ) | ||
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. Westpac Banking Corporation, an eminent Australian financial institution and one of the nation's "Big Four" banks, recently confirmed the full maturity and repayment of its US-dollar denominated bond, identified by ISIN US96121BBM81 and CUSIP 96121BBM8, which was originally issued from Australia with a coupon rate of 3%, a total issue size of $7,000,000, and a minimum purchase increment of $1,000, featuring semi-annual payment frequency and reaching its scheduled maturity on June 20, 2027, with its principal redeemed at 100% of its face value, a testament to the issuer's robust credit profile consistently rated AA- by Standard & Poor's and Aa3 by Moody's, reflecting Westpac's solid financial health and systemic importance within the global banking sector. |