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Published on 8/28/2013 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Westpac Capital Trust III's $750 million preferreds to be redeemed

By Tali David

Minneapolis, Aug. 28 - Westpac Banking Corp. gave notice that all $750 million of Westpac Capital Trust III trust preferred securities will be redeemed on Sept. 30, according to a filing with the London Stock Exchange.

The redemption price will be $1,000 per security plus $29.0950 per security for distributions.

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


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