Westpac 5.815% 2040 Tier 2 subordinated fixed-to-floating bond (AU3CB0322337)
An AUD Tier 2 subordinated fixed-to-floating bond issued by Westpac Banking Corp, paying 5.815% semi-annual, maturing 2040-06-04, callable by the issuer from 2035-06-04; about AUD 1,500m outstanding.
| Issuer | Westpac Banking Corp |
| ISIN | AU3CB0322337 |
| Type | Fixed, then floating |
| Ranking | Tier 2 subordinated |
| Coupon | 5.815% |
| Coupon frequency | Semiannually |
| Currency | AUD |
| Issue date | 2025-06-04 |
| Maturity | 2040-06-04 |
| First call | 2035-06-04 |
| Amount outstanding | AUD 1,500m |
| Minimum investment | 100,000 AUD |
Questions
- Who can buy this bond?
- Through Candour Capital, wholesale and professional investors only (for example with an accountant's s708 certificate).
- What is the minimum investment?
- 100,000 AUD, then in the denominations the terms set.
- How is it bought and held?
- Through a Candour Capital adviser; it settles in Austraclear and is held in your custody or platform account.
- Where are the price and yield?
- Live reference prices and yields are in the Candour app for signed-in users and change with the market.
Other bonds from this issuer
- Westpac 6.934% 2038 Tier 2 subordinated fixed-to-floating bond (AU3CB0300358)
- Westpac 2030 senior unsecured floating rate note (AU3FN0099669)
- Westpac 2027 senior unsecured floating rate note (AU3FN0073367)
- Westpac 2027 senior unsecured floating rate note (AU3FN0065702)
- Westpac 2028 senior unsecured floating rate note (AU3FN0075420)
- Westpac 6.135% 2045 Tier 2 subordinated fixed rate bond (AU3CB0328193)
- Westpac 2029 senior unsecured floating rate note (AU3FN0091880)
- Westpac 2036 Tier 2 subordinated floating rate note (AU3FN0113148)
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Rate context
About 8.6 years to first call; the Australian government yield at that term is about 5.22% (RBA, 2026-10-14). Australian rates and credit
Prices, yields and ratings are in the Candour app for signed-in users.
Sign in for the live price