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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/13/23 Westpac Banking Corp. 424B5 2:1.1M Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: 424B5 Prospectus - Primary Offering or Shelf Securities HTML 1.13M - New Facts or Events 2: EX-FILING FEES Filing Fees HTML 18K
tm2329794-3_424b5 - none - 9.3750525s |
| | |
Per Note
|
| |
Total
|
| |||
Public Offering Price(1)
|
| | | | 100.000% | | | |
US$750,000,000
|
|
Underwriting Discount(2)
|
| | | | 0.400% | | | |
US$3,000,000
|
|
Proceeds to Westpac (before expenses)
|
| | | | 99.600% | | | |
US$747,000,000
|
|
|
BofA Securities
|
| | Citigroup | | |
J.P. Morgan
|
| |
Morgan Stanley
|
| |
Westpac Banking Corporation
|
|
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Page
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PROSPECTUS SUPPLEMENT
|
| | | | | | |
| | | | S-ii | | | |
| | | | S-ii | | | |
| | | | S-iv | | | |
| | | | S-v | | | |
| | | | S-1 | | | |
| | | | S-10 | | | |
| | | | S-21 | | | |
| | | | S-22 | | | |
| | | | S-23 | | | |
| | | | S-30 | | | |
| | | | S-31 | | | |
| | | | S-38 | | | |
| | | | S-38 | | | |
| | | | S-39 | | | |
| | | | S-40 | | | |
| | | | S-40 | | | |
| | | | S-41 | | |
| | | | | 1 | | | |
| | | | | 2 | | | |
| | | | | 4 | | | |
| | | | | 6 | | | |
| | | | | 7 | | | |
| | | | | 43 | | | |
| | | | | 45 | | | |
| | | | | 54 | | | |
| | | | | 56 | | | |
| | | | | 57 | | | |
| | | | | 58 | | | |
| | | | | 59 | | | |
| | | | | 60 | | | |
| | | | | 61 | | | |
| | | | | 62 | | |
| | | |
Conversion
Number for each note |
| |
=
|
| |
Outstanding Principal Amount of the Subordinated Debt Security (translated into Australian Dollars in accordance with paragraph (b) of the definition of Outstanding Principal Amount where the calculation date shall be the Non-Viability Trigger Event Date)
P × VWAP
|
|
| | | |
Maximum
Conversion Number for each note |
| |
=
|
| |
Outstanding Principal Amount of the Subordinated Debt Security (translated into Australian Dollars in accordance with paragraph (b) of the definition of Outstanding Principal Amount where the calculation date shall be the ASX Business Day prior to the Issue Date of the notes)
0.20 × Issue Date VWAP
|
|
| | |
As of and for the financial year ended September 30,
|
| |||||||||||||||||||||||||||||||||
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2023(1)
|
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2023
|
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2022
|
| |
2021
|
| |
2020
|
| |
2019
|
| ||||||||||||||||||
| | |
(in US$
millions) |
| |
(in A$ millions)
|
| ||||||||||||||||||||||||||||||
Income statements(2)(3)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net interest income
|
| | |
|
11,816
|
| | | |
|
18,317
|
| | | |
|
17,161
|
| | | |
|
16,858
|
| | | |
|
16,696
|
| | | |
|
16,907
|
| |
Net fees income
|
| | |
|
1,061
|
| | | |
|
1,645
|
| | | |
|
1,671
|
| | | |
|
1,482
|
| | | |
|
1,592
|
| | | |
|
1,655
|
| |
Net wealth management and insurance
income |
| | |
|
363
|
| | | |
|
562
|
| | | |
|
808
|
| | | |
|
1,211
|
| | | |
|
751
|
| | | |
|
1,029
|
| |
Trading income
|
| | |
|
463
|
| | | |
|
717
|
| | | |
|
664
|
| | | |
|
719
|
| | | |
|
895
|
| | | |
|
929
|
| |
Other income
|
| | |
|
261
|
| | | |
|
404
|
| | | |
|
(698)
|
| | | |
|
952
|
| | | |
|
249
|
| | | |
|
129
|
| |
Net operating income
|
| | |
|
13,963
|
| | | |
|
21,645
|
| | | |
|
19,606
|
| | | |
|
21,222
|
| | | |
|
20,183
|
| | | |
|
20,649
|
| |
Operating expenses
|
| | |
|
(6,897)
|
| | | |
|
(10,692)
|
| | | |
|
(10,802)
|
| | | |
|
(13,311)
|
| | | |
|
(12,739)
|
| | | |
|
(10,106)
|
| |
Impairment charges
|
| | |
|
(418)
|
| | | |
|
(648)
|
| | | |
|
(335)
|
| | | |
|
590
|
| | | |
|
(3,178)
|
| | | |
|
(794)
|
| |
Profit before income tax
|
| | |
|
6,648
|
| | | |
|
10,305
|
| | | |
|
8,469
|
| | | |
|
8,501
|
| | | |
|
4,266
|
| | | |
|
9,749
|
| |
Income tax expense
|
| | |
|
(2,002)
|
| | | |
|
(3,104)
|
| | | |
|
(2,770)
|
| | | |
|
(3,038)
|
| | | |
|
(1,974)
|
| | | |
|
(2,959)
|
| |
Net profit attributable to non-controlling interests
|
| | |
|
(4)
|
| | | |
|
(6)
|
| | | |
|
(5)
|
| | | |
|
(5)
|
| | | |
|
(2)
|
| | | |
|
(6)
|
| |
Net profit attributable to owners of Westpac Banking Corporation
|
| | |
|
4,641
|
| | | |
|
7,195
|
| | | |
|
5,694
|
| | | |
|
5,458
|
| | | |
|
2,290
|
| | | |
|
6,784
|
| |
Balance sheets(2)(3)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Loans
|
| | |
|
498,826
|
| | | |
|
773,254
|
| | | |
|
739,647
|
| | | |
|
709,784
|
| | | |
|
693,059
|
| | | |
|
714,770
|
| |
Additional assets
|
| | |
|
165,481
|
| | | |
|
256,520
|
| | | |
|
274,551
|
| | | |
|
226,093
|
| | | |
|
218,887
|
| | | |
|
191,856
|
| |
Total assets
|
| | |
|
664,307
|
| | | |
|
1,029,774
|
| | | |
|
1,014,198
|
| | | |
|
935,877
|
| | | |
|
911,946
|
| | | |
|
906,626
|
| |
Deposits and other borrowings
|
| | |
|
443,937
|
| | | |
|
688,168
|
| | | |
|
659,129
|
| | | |
|
626,955
|
| | | |
|
591,131
|
| | | |
|
563,247
|
| |
Debt issues
|
| | |
|
101,005
|
| | | |
|
156,573
|
| | | |
|
144,868
|
| | | |
|
128,779
|
| | | |
|
150,325
|
| | | |
|
181,457
|
| |
Loan capital
|
| | |
|
21,402
|
| | | |
|
33,176
|
| | | |
|
31,254
|
| | | |
|
29,067
|
| | | |
|
23,949
|
| | | |
|
21,826
|
| |
Additional liabilities
|
| | |
|
51,168
|
| | | |
|
79,318
|
| | | |
|
108,438
|
| | | |
|
78,984
|
| | | |
|
78,467
|
| | | |
|
74,589
|
| |
Total liabilities
|
| | |
|
617,512
|
| | | |
|
957,235
|
| | | |
|
943,689
|
| | | |
|
863,785
|
| | | |
|
843,872
|
| | | |
|
841,119
|
| |
Total shareholders’ equity and non-controlling interests
|
| | |
|
46,795
|
| | | |
|
72,539
|
| | | |
|
70,509
|
| | | |
|
72,092
|
| | | |
|
68,074
|
| | | |
|
65,507
|
| |
| | |
As of
September 30, 2023 |
| |||||||||
| | |
Actual
|
| |
As adjusted
|
| ||||||
| | | | | | | | |
(unaudited)
|
| |||
| | |
(in A$ millions)
|
| |||||||||
Cash and balances with central banks
|
| | | | 102,522 | | | | | | 102,522 | | |
Debt issues
|
| | | | 156,573 | | | | | | 156,573 | | |
Notes offered hereby
|
| | | | — | | | | | | 1,163(1) | | |
2025 Notes
|
| | | | — | | | | | | 1,550(1) | | |
2028 Notes
|
| | | | — | | | | | | 1,938(1) | | |
Floating Rate Notes
|
| | | | — | | | | | | 775(1) | | |
Loan capital
|
| | | | 33,176 | | | | | | 33,176 | | |
Shareholders’ equity and non-controlling interests | | | | | | | | | | | | | |
Share capital
|
| | | | 39,124 | | | | | | 39,124 | | |
Reserves
|
| | | | 1,935 | | | | | | 1,935 | | |
Retained profits
|
| | | | 31,436 | | | | | | 31,436 | | |
Non-controlling interests
|
| | | | 44 | | | | | | 44 | | |
Total shareholders’ equity and non-controlling interests
|
| | | | 72,539 | | | | | | 72,539 | | |
Total capitalization
|
| | | | 262,288 | | | | | | 267,714 | | |
Underwriter
|
| |
Principal Amount
of Notes |
| |||
BofA Securities, Inc.
|
| | | US$ | 150,000,000 | | |
Citigroup Global Markets Inc.
|
| | | | 150,000,000 | | |
J.P. Morgan Securities LLC
|
| | | | 150,000,000 | | |
Morgan Stanley & Co. LLC
|
| | | | 150,000,000 | | |
Westpac Banking Corporation
|
| | | | 140,625,000 | | |
BMO Capital Markets Corp.
|
| | | | 1,875,000 | | |
CIBC World Markets Corp.
|
| | | | 1,875,000 | | |
ICBC Standard Bank Plc
|
| | | | 1,875,000 | | |
ING Financial Markets LLC
|
| | | | 1,875,000 | | |
Scotia Capital (USA) Inc.
|
| | | | 1,875,000 | | |
Total
|
| | | US$ | 750,000,000 | | |
Financial Year
|
| |
At Period End
|
| |
Average Rate(1)
|
| |
High
|
| |
Low
|
| ||||||||||||
2019
|
| | | | 0.6746 | | | | | | 0.7023 | | | | | | 0.7360 | | | | | | 0.6730 | | |
2020
|
| | | | 0.7160 | | | | | | 0.6815 | | | | | | 0.7388 | | | | | | 0.5755 | | |
2021
|
| | | | 0.7228 | | | | | | 0.7490 | | | | | | 0.7953 | | | | | | 0.7006 | | |
2022
|
| | | | 0.6437 | | | | | | 0.7097 | | | | | | 0.7598 | | | | | | 0.6437 | | |
2023
|
| | | | 0.6541 | | | | | | 0.6651 | | | | | | 0.7102 | | | | | | 0.6219 | | |
2024(2) | | | | | 0.6507 | | | | | | 0.6420 | | | | | | 0.6507 | | | | | | 0.6290 | | |
|
SEC Registration Fee
|
| | | US$ | 110,700 | | |
|
Printing Expenses
|
| | | | 15,000 | | |
|
Trustee’s Fees and Expenses
|
| | | | 7,500 | | |
|
Accountants’ Fees and Expenses
|
| | | | 65,000 | | |
|
Legal Fees and Expenses
|
| | | | 130,000 | | |
|
Total
|
| | | US$ | 328,200 | | |
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Page
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| | | | 6 | | | |
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| | | | 43 | | | |
| | | | 45 | | | |
| | | | 54 | | | |
| | | | 56 | | | |
| | | | 57 | | | |
| | | | 58 | | | |
| | | | 59 | | | |
| | | | 60 | | | |
| | | | 61 | | | |
| | | | 62 | | |
|
Conversion Number for
each Subordinated Debt Security |
| |
=
|
| |
Outstanding Principal Amount of the Subordinated Debt Security
(translated into Australian Dollars in accordance with paragraph (b) of the definition of Outstanding Principal Amount where the calculation date shall be the Non-Viability Trigger Event Date) |
|
|
P × VWAP
|
|
|
Maximum Conversion
Number for each Subordinated Debt Security |
| |
=
|
| |
Outstanding Principal Amount of the Subordinated Debt Security
(translated into Australian Dollars in accordance with paragraph (b) of the definition of Outstanding Principal Amount where the calculation date shall be the ASX Business Day prior to the issue date of the Subordinated Debt Securities of a series) |
|
|
0.20 × Issue Date VWAP
|
|
Financial Year
|
| |
At Period End
|
| |
Average Rate(1)
|
| |
High
|
| |
Low
|
| ||||||||||||
2017
|
| | | | 0.7840 | | | | | | 0.7624 | | | | | | 0.8071 | | | | | | 0.7174 | | |
2018
|
| | | | 0.7238 | | | | | | 0.7583 | | | | | | 0.8105 | | | | | | 0.7107 | | |
2019
|
| | | | 0.6746 | | | | | | 0.7023 | | | | | | 0.7360 | | | | | | 0.6730 | | |
2020
|
| | | | 0.7160 | | | | | | 0.6815 | | | | | | 0.7388 | | | | | | 0.5755 | | |
2021
|
| | | | 0.7228 | | | | | | 0.7490 | | | | | | 0.7953 | | | | | | 0.7006 | | |
2022(2) | | | | | 0.7510 | | | | | | N/A | | | | | | 0.7547 | | | | | | 0.7258 | | |
|
BofA Securities
|
| | Citigroup | | |
J.P. Morgan
|
| |
Morgan Stanley
|
| |
Westpac Banking Corporation
|
|
This ‘424B5’ Filing | Date | Other Filings | ||
---|---|---|---|---|
11/17/33 | ||||
10/7/24 | ||||
9/30/24 | ||||
5/17/24 | ||||
11/17/23 | ||||
Filed on: | 11/13/23 | 13F-HR, 424B5 | ||
11/8/23 | 424B5, 6-K | |||
11/3/23 | ||||
9/30/23 | 13F-HR, 20-F | |||
9/29/23 | ||||
9/30/22 | 13F-HR, 20-F | |||
11/3/21 | 20-F, 6-K, F-3ASR, F-N | |||
11/1/21 | 6-K | |||
10/29/21 | ||||
9/30/21 | 13F-HR, 20-F | |||
9/30/20 | 13F-HR, 20-F | |||
10/8/19 | ||||
10/7/19 | ||||
9/30/19 | 13F-HR, 20-F | |||
10/8/13 | ||||
12/13/12 | ||||
3/18/10 | ||||
10/8/07 | ||||
8/23/02 | ||||
8/19/96 | ||||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/07/23 Westpac Banking Corp. 20-F 9/30/23 206:137M Toppan Merrill/FA 11/06/23 Westpac Banking Corp. 6-K 11/06/23 2:40M Toppan Merrill/FA 11/03/21 Westpac Banking Corp. 20-F 9/30/21 213:135M Toppan Merrill/FA 11/01/21 Westpac Banking Corp. 6-K 11/01/21 2:27M Toppan Merrill/FA |