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Prospect News home > News index > List of issuers W > Headlines for Westpac Banking Corp. > News item
Published on 2/10/2016 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Westpac Capital Trust IV to redeem $525 million trust preferreds

By Marisa Wong

Morgantown, W.Va., Feb. 10 – Westpac Banking Corp. announced that Westpac Capital Trust IV will redeem all $525 million of its outstanding trust preferred securities on March 31.

The redemption price will be $1,000 plus $26.28 per security for unpaid distributions up to the redemption date.

The bank and financial services company is based in Sydney, Australia.


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