| | |
Per 5.200%
Note |
| |
Total for
5.200% Notes |
| |
Per 5.050%
Note |
| |
Total for
5.050% Notes |
| |
Per 2026
Floating Rate Note |
| |
Total for
2026 Floating Rate Notes |
| |
Per 2029
Floating Rate Note |
| |
Total for
2029 Floating Rate Notes |
| ||||||||||||
Public Offering Price(1)
|
| |
99.992%
|
| | | US$ | 749,940,000 | | | |
99.815%
|
| | | US$ | 748,612,500 | | | |
100.000%
|
| | | US$ | 750,000,000 | | | |
100.000%
|
| | | US$ | 750,000,000 | | |
Underwriting Discounts(2) . . . . .
|
| |
0.100%
|
| | | US$ | 750,000 | | | |
0.250%
|
| | | US$ | 1,875,000 | | | |
0.100%
|
| | | US$ | 750,000 | | | |
0.250%
|
| | | US$ | 1,875,000 | | |
Proceeds to Westpac (before expenses)
|
| |
99.892%
|
| | | US$ | 749,190,000 | | | |
99.565%
|
| | | US$ | 746,737,500 | | | |
99.900%
|
| | | US$ | 749,250,000 | | | |
99.750%
|
| | | US$ | 748,125,000 | | |
| Barclays | | |
BofA Securities
|
| |
Goldman Sachs & Co. LLC
|
| |
Morgan Stanley
|
| |
Westpac Banking Corporation
|
|
|
Credit Agricole CIB
|
| |
Natixis
|
|
| | |
Page
|
| |||
| | | | S-ii | | | |
| | | | S-iv | | | |
| | | | S-v | | | |
| | | | S-1 | | | |
| | | | S-7 | | | |
| | | | S-14 | | | |
| | | | S-15 | | | |
| | | | S-16 | | | |
| | | | S-28 | | | |
| | | | S-29 | | | |
| | | | S-36 | | | |
| | | | S-36 | | | |
| | | | S-38 | | | |
| | | | S-39 | | | |
| | | | S-39 | | | |
| | | | S-40 | | |
| | | | | 1 | | | |
| | | | | 2 | | | |
| | | | | 4 | | | |
| | | | | 6 | | | |
| | | | | 7 | | | |
| | | | | 20 | | | |
| | | | | 30 | | | |
| | | | | 32 | | | |
| | | | | 32 | | | |
| | | | | 33 | | | |
| | | | | 33 | | | |
| | | | | 34 | | | |
| | | | | 34 | | | |
| | | | | 35 | | |
| | |
As of and for the half-year ended March 31
|
| |
As of and for the financial year ended September 30,
|
| ||||||||||||||||||||||||||||||||||||||||||||||||
| | |
2024(1)
|
| |
2024
|
| |
2023
|
| |
2023(1)
|
| |
2023
|
| |
2022
|
| |
2021
|
| |
2020
|
| |
2019
|
| |||||||||||||||||||||||||||
| | |
(in US$
millions) |
| | | | | | | | | | | | | |
(in US$
millions) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
| | |
(Unaudited)
|
| | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
Income statements (2), (3) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||
Net interest income
|
| | | | 5,954 | | | | | | 9,127 | | | | | | 9,113 | | | | | | 11,950 | | | | | | 18,317 | | | | | | 17,161 | | | | | | 16,858 | | | | | | 16,696 | | | | | | 16,907 | | |
Net fees income
|
| | | | 549 | | | | | | 842 | | | | | | 827 | | | | | | 1,073 | | | | | | 1,645 | | | | | | 1,671 | | | | | | 1,482 | | | | | | 1,592 | | | | | | 1,655 | | |
Net wealth management and insurance income
|
| | | | 142 | | | | | | 218 | | | | | | 347 | | | | | | 367 | | | | | | 562 | | | | | | 808 | | | | | | 1,211 | | | | | | 751 | | | | | | 1,029 | | |
Trading income
|
| | | | 237 | | | | | | 363 | | | | | | 387 | | | | | | 468 | | | | | | 717 | | | | | | 664 | | | | | | 719 | | | | | | 895 | | | | | | 929 | | |
Other income
|
| | | | 26 | | | | | | 40 | | | | | | 329 | | | | | | 264 | | | | | | 404 | | | | | | (698) | | | | | | 952 | | | | | | 249 | | | | | | 129 | | |
Net operating income
|
| | | | 6,909 | | | | | | 10,590 | | | | | | 11,003 | | | | | | 14,121 | | | | | | 21,645 | | | | | | 19,606 | | | | | | 21,222 | | | | | | 20,183 | | | | | | 20,649 | | |
Operating expenses
|
| | | | (3,520) | | | | | | (5,395) | | | | | | (4,988) | | | | | | (6,975) | | | | | | (10,692) | | | | | | (10,802) | | | | | | (13,311) | | | | | | (12,739) | | | | | | (10,106) | | |
Impairment (charges)/benefits
|
| | | | (236) | | | | | | (362) | | | | | | (390) | | | | | | (423) | | | | | | (648) | | | | | | (335) | | | | | | 590 | | | | | | (3,178) | | | | | | (794) | | |
Profit before income tax
expense |
| | | | 3,153 | | | | | | 4,833 | | | | | | 5,625 | | | | | | 6,723 | | | | | | 10,305 | | | | | | 8,469 | | | | | | 8,501 | | | | | | 4,266 | | | | | | 9,749 | | |
Income tax expense
|
| | | | (973) | | | | | | (1,491) | | | | | | (1,620) | | | | | | (2,025) | | | | | | (3,104) | | | | | | (2,770) | | | | | | (3,038) | | | | | | (1,974) | | | | | | (2,959) | | |
Net profit attributable to non-controlling interests
|
| | | | — | | | | | | — | | | | | | (4) | | | | | | (4) | | | | | | (6) | | | | | | (5) | | | | | | (5) | | | | | | (2) | | | | | | (6) | | |
Net profit attributable to owners of Westpac Banking
Corporation |
| | | | 2,180 | | | | | | 3,342 | | | | | | 4,001 | | | | | | 4,694 | | | | | | 7,195 | | | | | | 5,694 | | | | | | 5,458 | | | | | | 2,290 | | | | | | 6,784 | | |
Balance sheets (2), (3) | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
Loans
|
| | | | 512,029 | | | | | | 784,839 | | | | | | 749,931 | | | | | | 504,471 | | | | | | 773,254 | | | | | | 739,647 | | | | | | 709,784 | | | | | | 693,059 | | | | | | 714,770 | | |
Additional assets
|
| | | | 174,727 | | | | | | 267,822 | | | | | | 269,177 | | | | | | 167,354 | | | | | | 256,520 | | | | | | 274,551 | | | | | | 226,093 | | | | | | 218,887 | | | | | | 191,856 | | |
Total assets
|
| | | | 686,756 | | | | | | 1,052,661 | | | | | | 1,019,108 | | | | | | 671,825 | | | | | | 1,029,774 | | | | | | 1,014,198 | | | | | | 935,877 | | | | | | 911,946 | | | | | | 906,626 | | |
Deposits and other borrowings
|
| | | | 458,132 | | | | | | 702,226 | | | | | | 676,352 | | | | | | 448,961 | | | | | | 688,168 | | | | | | 659,129 | | | | | | 626,955 | | | | | | 591,131 | | | | | | 563,247 | | |
Debt issues
|
| | | | 104,241 | | | | | | 159,781 | | | | | | 148,952 | | | | | | 102,148 | | | | | | 156,573 | | | | | | 144,868 | | | | | | 128,779 | | | | | | 150,325 | | | | | | 181,457 | | |
Loan capital
|
| | | | 24,321 | | | | | | 37,280 | | | | | | 31,025 | | | | | | 21,644 | | | | | | 33,176 | | | | | | 31,254 | | | | | | 29,067 | | | | | | 23,949 | | | | | | 21,826 | | |
Additional liabilities
|
| | | | 52,723 | | | | | | 80,814 | | | | | | 90,111 | | | | | | 51,747 | | | | | | 79,318 | | | | | | 108,438 | | | | | | 78,984 | | | | | | 78,467 | | | | | | 74,589 | | |
Total liabilities
|
| | | | 639,418 | | | | | | 980,101 | | | | | | 946,440 | | | | | | 624,500 | | | | | | 957,235 | | | | | | 943,689 | | | | | | 863,785 | | | | | | 843,872 | | | | | | 841,119 | | |
Total shareholders’ equity and non-controlling interests
|
| | | | 47,338 | | | | | | 72,560 | | | | | | 72,668 | | | | | | 47,324 | | | | | | 72,539 | | | | | | 70,509 | | | | | | 72,092 | | | | | | 68,074 | | | | | | 65,507 | | |
| | |
As of
March 31, 2024 |
| |||||||||
| | |
Actual
|
| |
As adjusted
|
| ||||||
| | | | | | | | |
(unaudited)
|
| |||
| | |
(in A$ millions)
|
| |||||||||
Cash and balances with central banks
|
| | | | 95,907 | | | | | | 95,907 | | |
Debt issues
|
| | | | 159,781 | | | | | | 159,781 | | |
Notes offered hereby
|
| | | | — | | | | | | 4,598(1) | | |
Loan capital
|
| | | | 37,280 | | | | | | 37,280 | | |
Shareholders’ equity and non-controlling interests | | | | | | | | | | | | | |
Share capital
|
| | | | 38,186 | | | | | | 38,186 | | |
Reserves
|
| | | | 2,157 | | | | | | 2,157 | | |
Retained profits
|
| | | | 32,179 | | | | | | 32,179 | | |
Non-controlling interests
|
| | | | 38 | | | | | | 38 | | |
Total shareholders’ equity and non-controlling interests
|
| | | | 72,560 | | | | | | 72,560 | | |
Total capitalization
|
| | | | 269,621 | | | | | | 274,219 | | |
Underwriter
|
| |
Principal Amount of
5.200% Notes |
| |
Principal Amount of
5.050% Notes |
| |
Principal Amount of 2026
Floating Rate Notes |
| |
Principal Amount of 2029
Floating Rate Notes |
|
Barclays Capital Inc.
|
| |
US$150,000,000
|
| |
US$150,000,000
|
| |
US$150,000,000
|
| |
US$150,000,000
|
|
BofA Securities, Inc.
|
| |
150,000,000
|
| |
150,000,000
|
| |
150,000,000
|
| |
150,000,000
|
|
Goldman Sachs & Co. LLC
|
| |
150,000,000
|
| |
150,000,000
|
| |
150,000,000
|
| |
150,000,000
|
|
Morgan Stanley & Co. LLC
|
| |
150,000,000
|
| |
150,000,000
|
| |
150,000,000
|
| |
150,000,000
|
|
Westpac Banking Corporation
|
| |
142,500,000
|
| |
142,500,000
|
| |
142,500,000
|
| |
142,500,000
|
|
Credit Agricole Securities (USA) Inc.
|
| |
3,750,000
|
| |
3,750,000
|
| |
3,750,000
|
| |
3,750,000
|
|
Natixis Securities Americas LLC
|
| |
3,750,000
|
| |
3,750,000
|
| |
3,750,000
|
| |
3,750,000
|
|
Total
|
| |
US$750,000,000
|
| |
US$750,000,000
|
| |
US$750,000,000
|
| |
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 | | | | | 0.6451 | | | | | | 0.6651 | | | | | | 0.7102 | | | | | | 0.6219 | | |
2024(2) | | | | | 0.6616 | | | | | | 0.6563 | | | | | | 0.6844 | | | | | | 0.6290 | | |
|
SEC Registration Fee
|
| |
US$442,586.35
|
|
|
Printing Expenses
|
| |
15,000.00
|
|
|
Trustee’s Fees and Expenses
|
| |
7,500.00
|
|
|
Accountants’ Fees and Expenses
|
| |
80,000.00
|
|
|
Legal Fees and Expenses
|
| |
140,000.00
|
|
|
Total
|
| |
US$685,086.35
|
|
| | |
Page
|
| |||
| | | | 1 | | | |
| | | | 2 | | | |
| | | | 4 | | | |
| | | | 6 | | | |
| | | | 7 | | | |
| | | | 20 | | | |
| | | | 30 | | | |
| | | | 32 | | | |
| | | | 32 | | | |
| | | | 33 | | | |
| | | | 33 | | | |
| | | | 34 | | | |
| | | | 34 | | | |
| | | | 35 | | |
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 | | |
| Barclays | | |
BofA Securities
|
| |
Goldman Sachs & Co. LLC
|
| |
Morgan Stanley
|
| |
Westpac Banking Corporation
|
|
|
Credit Agricole CIB
|
| |
Natixis
|
|