Westpac Banking Says Offer Of Westpac Capital Notes 3 Successfully Closed

(RTTNews) - Westpac Banking Corp. (WBC.AX, WBK) announced that the Offer of Westpac Capital Notes 3 has successfully closed. It issued 13.24 million Notes at an Issue Price of A$100 each, raising approximately A$1.32 billion.

The Notes qualify as Additional Tier 1 Capital under APRA's Prudential Standards.

Holding Statements with details of Allocations are expected to be dispatched by Monday 14 September 2015. Any refunds of Application Payments will also be dispatched by this date, the company said.

The Notes are expected to commence trading on ASX under the ASX code "WBCPF".