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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/14/22 Westpac Banking Corp. 424B5 2:837K Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: 424B5 Prospectus - Primary Offering or Shelf Securities HTML 782K - New Facts or Events 2: EX-FILING FEES Filing Fees HTML 20K
tm2229136-6_424b5 - none - 10.2344165s |
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Per 5.350%
Note |
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Total for 5.350%
Notes |
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Per 5.457%
Note |
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Total for 5.457%
Notes |
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Public Offering Price(1)
|
| | | | 99.945% | | | | | US$ | 1,249,312,500 | | | | | | 100.000% | | | | | US$ | 1,250,000,000 | | |
Underwriting Discounts(2) . . . . .
|
| | | | 0.100% | | | | | US$ | 1,250,000 | | | | | | 0.250% | | | | | US$ | 3,125,000 | | |
Proceeds to Westpac (before expenses)
|
| | | | 99.845% | | | | | US$ | 1,248,062,500 | | | | | | 99.750% | | | | | US$ | 1,246,875,000 | | |
| BofA Securities | | |
Citigroup
|
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J.P. Morgan
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Westpac Banking Corporation
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| BMO Capital Markets | | |
CIBC Capital Markets
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Scotiabank
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As of and for the financial year ended September 30,
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2022(1)
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2022
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2021
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2020
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2019
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2018
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(in US$
millions) |
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(in A$ millions)
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Income statement(2),(3) | | | | | | | | ||||||||||||||||||||||||||||||
Net interest income
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| | | | 11,047 | | | | | | 17,161 | | | | | | 16,858 | | | | | | 16,696 | | | | | | 16,907 | | | | | | 16,505 | | |
Net fee income
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| | | | 1,076 | | | | | | 1,671 | | | | | | 1,482 | | | | | | 1,592 | | | | | | 1,655 | | | | | | 2,424 | | |
Net wealth management and insurance income
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| | | | 520 | | | | | | 808 | | | | | | 1,211 | | | | | | 751 | | | | | | 1,029 | | | | | | 2,061 | | |
Trading income
|
| | | | 427 | | | | | | 664 | | | | | | 719 | | | | | | 895 | | | | | | 929 | | | | | | 945 | | |
Other income
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| | | | (449) | | | | | | (698) | | | | | | 952 | | | | | | 249 | | | | | | 129 | | | | | | 72 | | |
Net operating income before operating expenses and impairment charges
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| | | | 12,620 | | | | | | 19,606 | | | | | | 21,222 | | | | | | 20,183 | | | | | | 20,649 | | | | | | 22,007 | | |
Operating expenses
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| | | | (6,953) | | | | | | (10,802) | | | | | | (13,311) | | | | | | (12,739) | | | | | | (10,106) | | | | | | (9,566) | | |
Impairment (charges)/benefits
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| | | | (216) | | | | | | (335) | | | | | | 590 | | | | | | (3,178) | | | | | | (794) | | | | | | (710) | | |
Profit before income tax
expense |
| | | | 5,451 | | | | | | 8,469 | | | | | | 8,501 | | | | | | 4,266 | | | | | | 9,749 | | | | | | 11,731 | | |
Income tax expense
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| | | | (1,783) | | | | | | (2,770) | | | | | | (3,038) | | | | | | (1,974) | | | | | | (2,959) | | | | | | (3,632) | | |
Net profit attributable to non-controlling interests
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| | | | (3) | | | | | | (5) | | | | | | (5) | | | | | | (2) | | | | | | (6) | | | | | | (4) | | |
Net profit attributable to owners of Westpac Banking
Corporation |
| | | | 3,665 | | | | | | 5,694 | | | | | | 5,458 | | | | | | 2,290 | | | | | | 6,784 | | | | | | 8,095 | | |
Balance sheet(2),(3) | | | | | | | | ||||||||||||||||||||||||||||||
Loans
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| | | | 476,111 | | | | | | 739,647 | | | | | | 709,784 | | | | | | 693,059 | | | | | | 714,770 | | | | | | 709,690 | | |
Other assets
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| | | | 176,728 | | | | | | 274,551 | | | | | | 226,093 | | | | | | 218,887 | | | | | | 191,856 | | | | | | 169,902 | | |
Total assets
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| | | | 652,839 | | | | | | 1,014,198 | | | | | | 935,877 | | | | | | 911,946 | | | | | | 906,626 | | | | | | 879,592 | | |
Deposits and other borrowings
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| | | | 424,281 | | | | | | 659,129 | | | | | | 626,955 | | | | | | 591,131 | | | | | | 563,247 | | | | | | 559,285 | | |
Debt issues
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| | | | 93,252 | | | | | | 144,868 | | | | | | 128,779 | | | | | | 150,325 | | | | | | 181,457 | | | | | | 172,596 | | |
Loan capital
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| | | | 20,118 | | | | | | 31,254 | | | | | | 29,067 | | | | | | 23,949 | | | | | | 21,826 | | | | | | 17,265 | | |
Other liabilities
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| | | | 69,802 | | | | | | 108,438 | | | | | | 78,984 | | | | | | 78,467 | | | | | | 74,589 | | | | | | 65,873 | | |
Total liabilities
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| | | | 607,453 | | | | | | 943,689 | | | | | | 863,785 | | | | | | 843,872 | | | | | | 841,119 | | | | | | 815,019 | | |
Total shareholders’ equity and non-controlling interests
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| | | | 45,387 | | | | | | 70,509 | | | | | | 72,092 | | | | | | 68,074 | | | | | | 65,507 | | | | | | 64,573 | | |
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As of and for the financial year ended September 30,
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2021
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2020
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2019
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2018
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Key Financial Ratios | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Business Performance | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Operating expenses to operating income ratio (%)
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| | | | 55.10 | | | | | | 62.72 | | | | | | 63.12 | | | | | | 48.94 | | | | | | 43.47 | | |
Net interest margin (%)(4)
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| | | | 1.93 | | | | | | 2.06 | | | | | | 2.03 | | | | | | 2.12 | | | | | | 2.13 | | |
Return on average assets (%)(5)
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| | | | 0.58 | | | | | | 0.60 | | | | | | 0.25 | | | | | | 0.76 | | | | | | 0.94 | | |
Capital Adequacy | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
APRA Basel III: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Common equity Tier 1 (%)
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| | | | 11.29 | | | | | | 12.32 | | | | | | 11.13 | | | | | | 10.67 | | | | | | 10.63 | | |
Tier 1 ratio (%)
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| | | | 13.39 | | | | | | 14.65 | | | | | | 13.23 | | | | | | 12.84 | | | | | | 12.78 | | |
Total capital ratio (%)
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| | | | 18.40 | | | | | | 18.86 | | | | | | 16.38 | | | | | | 15.63 | | | | | | 14.74 | | |
Credit Quality(6) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Loan written off (net of recoveries)
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| | | | 745 | | | | | | 594 | | | | | | 977 | | | | | | 982 | | | | | | 948 | | |
Loans written off (net of recoveries) to average loans (basis points)
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| | | | 10 | | | | | | 8 | | | | | | 14 | | | | | | 14 | | | | | | 14 | | |
Net impaired assets to equity and collectively assessed provisions (%)
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| | | | 1.06 | | | | | | 1.28 | | | | | | 2.21 | | | | | | 1.41 | | | | | | 1.14 | | |
Total provisions for expected credit losses to total loans (basis points)
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| | | | 62 | | | | | | 70 | | | | | | 88 | | | | | | 54 | | | | | | 43 | | |
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As of
September 30, 2022 |
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Actual
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As adjusted
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(unaudited)
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(in A$ millions)
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Cash and balances with central banks
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| | | | 105,257 | | | | | | 105,257 | | |
Debt issues
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| | | | 144,868 | | | | | | 144,868 | | |
Notes offered hereby
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| | | | — | | | | | | 3,884(1) | | |
Loan capital
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| | | | 31,254 | | | | | | 31,254 | | |
Shareholders’ equity and non-controlling interests | | | | | | | | | | | | | |
Share capital
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| | | | 39,011 | | | | | | 39,011 | | |
Reserves
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| | | | 2,378 | | | | | | 2,378 | | |
Retained profits
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| | | | 29,063 | | | | | | 29,063 | | |
Non-controlling interests
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| | | | 57 | | | | | | 57 | | |
Total shareholders’ equity and non-controlling interests
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| | | | 70,509 | | | | | | 70,509 | | |
Total capitalization
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| | | | 246,631 | | | | | | 250,515 | | |
Underwriter
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Principal Amount of
5.350% Notes |
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Principal Amount of
5.457% Notes |
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BofA Securities, Inc.
|
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US$ 312,500,000
|
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US$ 312,500,000
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Citigroup Global Markets Inc.
|
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US$ 312,500,000
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US$ 312,500,000
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J.P. Morgan Securities LLC
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US$ 312,500,000
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US$ 312,500,000
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Westpac Banking Corporation
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US$ 293,750,000
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US$ 293,750,000
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BMO Capital Markets Corp.
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US$ 6,250,000
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US$ 6,250,000
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CIBC World Markets Corp.
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US$ 6,250,000
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US$ 6,250,000
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Scotia Capital (USA) Inc.
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US$ 6,250,000
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US$ 6,250,000
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Total
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US$1,250,000,000
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US$1,250,000,000
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Financial Year
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At Period End
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Average Rate(1)
|
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High
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Low
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2018
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| | | | 0.7238 | | | | | | 0.7583 | | | | | | 0.8105 | | | | | | 0.7107 | | |
2019
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| | | | 0.6746 | | | | | | 0.7023 | | | | | | 0.7360 | | | | | | 0.6730 | | |
2020
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| | | | 0.7160 | | | | | | 0.6815 | | | | | | 0.7388 | | | | | | 0.5755 | | |
2021
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| | | | 0.7228 | | | | | | 0.7490 | | | | | | 0.7953 | | | | | | 0.7006 | | |
2022 | | | | | 0.6437 | | | | | | 0.7097 | | | | | | 0.7598 | | | | | | 0.6437 | | |
2023(2) | | | | | 0.6435 | | | | | | 0.6415 | | | | | | 0.6501 | | | | | | 0.6219 | | |
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SEC Registration Fee
|
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US$275,424.24
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Printing Expenses
|
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15,000.00
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Trustee’s Fees and Expenses
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7,500.00
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Accountants’ Fees and Expenses
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80,000.00
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Legal Fees and Expenses
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140,000.00
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Total
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US$517,924.24
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Financial Year
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At Period
End |
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Average
Rate(1) |
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High
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Low
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2017
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| | | | 0.7840 | | | | | | 0.7624 | | | | | | 0.8071 | | | | | | 0.7174 | | |
2018
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| | | | 0.7238 | | | | | | 0.7583 | | | | | | 0.8105 | | | | | | 0.7107 | | |
2019
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| | | | 0.6746 | | | | | | 0.7023 | | | | | | 0.7360 | | | | | | 0.6730 | | |
2020
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| | | | 0.7160 | | | | | | 0.6815 | | | | | | 0.7388 | | | | | | 0.5755 | | |
2021
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| | | | 0.7228 | | | | | | 0.7490 | | | | | | 0.7953 | | | | | | 0.7006 | | |
2022(2) | | | | | 0.7510 | | | | | | N/A | | | | | | 0.7547 | | | | | | 0.7258 | | |
| BofA Securities | | |
Citigroup
|
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J.P. Morgan
|
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Westpac Banking Corporation
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| BMO Capital Markets | | |
CIBC Capital Markets
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Scotiabank
|
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This ‘424B5’ Filing | Date | Other Filings | ||
---|---|---|---|---|
11/18/27 | ||||
10/18/24 | ||||
10/7/24 | ||||
5/18/23 | ||||
4/18/23 | ||||
11/18/22 | ||||
Filed on: | 11/14/22 | |||
11/9/22 | 424B5 | |||
11/7/22 | 6-K | |||
11/4/22 | ||||
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 | |||
1/16/20 | 6-K | |||
10/8/19 | ||||
10/7/19 | ||||
9/30/19 | 13F-HR, 20-F | |||
11/9/18 | F-3ASR, F-N | |||
9/30/18 | 13F-HR, 20-F, 20-F/A | |||
11/9/16 | 20-F, POSASR | |||
10/8/13 | ||||
8/14/12 | 13F-HR, 424B2, 6-K | |||
8/27/09 | 424B5, 6-K, FWP | |||
10/8/07 | ||||
7/1/99 | ||||
8/19/96 | ||||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/08/22 Westpac Banking Corp. 20-F 9/30/22 212:125M Toppan Merrill/FA 5/09/22 Westpac Banking Corp. 6-K 5/09/22 2:24M 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 |