Bond WestPac Bank 0% ( XS1799547960 ) in GBP

Issuer WestPac Bank
Market price 100 %  ⇌ 
Country  Australia
ISIN code  XS1799547960 ( in GBP )
Interest rate 0%
Maturity 03/04/2020 - Bond has expired



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Minimal amount 100 000 GBP
Total amount 200 000 000 GBP
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.

**Bond Instrument Review: Westpac Banking?s XS1799547960 Zero-Coupon Note Reaches Full Redemption** This report provides a detailed overview and status update on a specific bond instrument, identified by its ISIN XS1799547960, issued by Westpac Banking Corporation. **Issuer Profile: Westpac Banking Corporation** Westpac Banking Corporation, commonly known as Westpac, stands as one of Australia's "Big Four" major banking organizations and holds the distinction of being the nation's first bank and oldest company, established in 1817 as the Bank of New South Wales. Headquartered in Sydney, Westpac is a diversified financial services provider offering a comprehensive suite of banking and wealth management products and services to individuals, businesses, and institutions. Its operations span retail and business banking, institutional banking, and wealth management, serving a vast customer base across Australia, New Zealand, and select international markets. As a systemically important financial institution, Westpac?s financial stability and operational performance are closely monitored within the global financial landscape, underpinning the reliability of its issued debt instruments. **Bond Specifications:** The bond under review, categorized as a fixed-income obligation, carried the following key characteristics: * **Type:** Bond * **ISIN Code:** XS1799547960 * **Issuer:** Westpac Banking * **Country of Issuance:** Australia * **Reported Market Price at Maturity:** 100% of its principal value * **Currency:** Great British Pounds (GBP) * **Interest Rate:** 0% * **Total Issue Size:** GBP 200,000,000 * **Minimum Purchase Denomination:** GBP 100,000 * **Maturity Date:** April 3, 2020 * **Payment Frequency:** As a zero-coupon bond, this instrument did not make periodic interest payments; the principal was repaid in a single disbursement upon maturity. **Maturity and Redemption Status:** Notably, this bond reached its scheduled maturity date on April 3, 2020. At its maturity, the instrument was fully repaid at its par value of 100%, indicating a successful and complete redemption process. The repayment of the GBP 200 million principal to bondholders signifies the conclusion of this debt instrument's lifecycle in accordance with its original terms and Westpac?s financial obligations.