Westpac Banking. (60IP) - Buyback of debt RNS Number : 7766R Westpac Banking Corporation 22 November 2012 Westpac buys back A$3.37bn in Government Guaranteed debt Westpac has today purchased and cancelled A$3.37bn in Government Guaranteed senior medium term notes (originally due in March 2014 and November 2014) out of a total of A$4.92bn of these particular notes originally on issue. The domestic buy-back follows a conditional offer announced on 9 November 2012 and reduces Westpac's refinancing requirements in the 2014 financial year by A$2.94bn and by A$434m in the 2015 financial year. This further strengthens Westpac's funding position, following the material improvement to its funding profile announced as part of its 2012 full year financial results. Effective 22 November 2012, Westpac has purchased and cancelled the following medium term notes pursuant to the terms and conditions of such notes issued under Westpac's Debt Issuance Programme and a conditional offer to purchase recorded in an Offer Memorandum dated 9 November 2012: · 14,532 Series 2009G-2 Fully Paid Floating Rate Medium Term Notes guaranteed by the Commonwealth of Australia (ASX Code: WBCHAD) having a face value of A$1,453,200,000. The outstanding balance of Series 2009G-2 is 968 notes which have a face value of A$96,800,000.^1 · 14,875 Series 2009G-3 Fully Paid Fixed Rate Medium Term Notes guaranteed by the Commonwealth of Australia (ASX Code: WBCHAC) having a face value of A$1,487,500,000. The outstanding balance of Series 2009G-3 is 5,775 Notes which have a face value of $577,500,000. · 4,340 Series 2009G-6 Fully Paid Fixed Rate Medium Term Notes guaranteed by the Commonwealth of Australia (ASX Code: WBCHAK) having a face value of A$434,000,000. The outstanding balance of Series 2009G-6 is 6,660 notes which have a face value of A$666,000,000. Tim Hartin Group Company Secretary Westpac Banking Corporation Group Secretariat Level 20, 275 Kent Street Sydney NSW 2000 Australia Telephone: (02) 8253 0390 Facsimile: (02) 8253 1215 firstname.lastname@example.org ^1 In addition to the notes of this series bought back and cancelled today, on 20 September 2012 Westpac purchased and cancelled notes in this series with a face value of A$200,000,000. This information is provided by RNS The company news service from the London Stock Exchange END MSCUUOKRUUAAURA -0- Nov/22/2012 09:34 GMT
Westpac Banking. 60IP Buyback of debt
Press spacebar to pause and continue. Press esc to stop.