WESTPAC CAPITAL NOTES 6 (WBCPI)
| Minimum Investment | $10,000 |
| Expected Close | Ongoing |
Wealth Focus has secured access to the Westpac Capital Notes 6 IPO. Investors looking to apply for a broker firm allocation will need to contact us on 1300 559 869.
Westpac Capital Notes 6
Westpac have just launched their latest fixed income hybrid investment at an indicative rate of 3.7%-3.9% over the Bank Bill Swap Rate (BBSW).
With interest rates expected to fall further, we expect the considerably higher margin to demand a higher premium and Westpac Capital Notes 6 offers value to hybrid investors.
This issue is likely to close at the bottom end of the indicative range of 3.7%-3.9% over the BBSW (indicative rate of 5.63%-5.83%pa – 02/11/18).
- Download a prospectus
- Download a fact sheet
- Download the research
- Webinar – An Introduction to Fixed Income
Call us on 1300 559 869 to ask us to secure an allocation.
Key Features
- Broker firm offer – Our allocation through the broker firm offer means investors are more likely to achieve their desired allocation without waiting for the general/shareholder offer.
- Limited Offer – The offer is to raise $750 Million, with the ability to raise more or less. The Notes will be traded on the ASX.
- Income – Westpac Capital Notes 6 provides holders with quarterly fully franked distributions.
- High level of income – The indicative distribution rate is 3.7%-3.9% over the 90 day Bank Bill Swap Rate (1.93% – 02/11/18) for an indicative rate of 5.63% pa.
- Minimum investment – $10,000 (this is a Wealth Focus minimum)
- Issue Price – $100
Find out more
If you would like further information on Westpac Capital Notes 6, please click on the links below:
- Fact sheet
- Prospectus
- Research
- View our online webinar – An Introduction to Fixed Income
Please call us on 1300 559 869 to ask us to secure an allocation.
What do we get paid?
Wealth Focus will receive a payment of up to 1% plus GST of the amount invested. This commission is paid by the product issuer and is NOT an additional charge to the investor.
Comment: