Access the predictable returns and capital preservation of a high-quality subordinated bond issued by Westpac Banking Corp.
Underlying Bond
Westpac Wholesale Subordinated Notes 7.199% FXD to FRN 2038 (ISIN: AU3CB0304376)
Pricing Information
| Current Price | View current price |
| NAV/Unit* | 24.98 |
| Net assets* | 224,840.68 |
| Units outstanding* | 9,000.00 |
| Management fees and costs** (p.a.) | 0.265% |
Portfolio Holdings*
| $ | % | |
| Cash | 2,584.37 |
1.15% |
| Underlying Bond | 222,534.00 |
98.85% |
| Total | 225,118.37 |
100.00% |
Excludes accrued management fees and costs
*As at 30 May 2025
**Refer to PDS for more information.
Profile
Portfolio Characteristics*
| Bond Yield (%) | 6.067 |
| Indicative ETB Yield (%) | 6.065 |
| First Call Date | 15 November 2033 |
| Maturity date | 15 November 2038 |
| Fixed / Floating | Fixed to Floating |
| Coupon Rate (%) | 7.199% |
| Coupon Dates | 15 May, 15 November |
| Mid-Price | 111.267 |
| Yield to Call (%) | 5.564 |
| Modified Duration (yrs) | 6.39 |
| Underlying Bond Type | Subordinated, Unsecured |
Codes
| CBOE code | ETB01F |
| Market maker | Nine Mile Financial Pty Ltd |
Distributions
| Distribution frequency | Semi-annually |
| Distribution dates | 15 May, 15 November |
| Ex Date | Record Date | Payment Date | Distribution Unit ($) |
| 6 May 2025 | 7 May 2025 | 23 May 2025 | $0.7717 |
