Westpac mandates AT1 amid US election uncertainty

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By Frank Jackman
04 Nov 2020

While election results rolled in across the US on Wednesday, Westpac decided in Australia that it would launch a new additional tier one (AT1) deal, targeting retail and institutional investors.

The bank ventured out with a mandate for a new AT1 on Wednesday morning, amid continuing uncertainty over the result of the US election.

“However, with the recent Reserve Bank (RBA) rate cut and the extension of the term funding facility, while the Australian market is not ...

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