WBC Completes Institutional Placement of $2 Billion

  • Nov 05, 2019 AEDT
  • Team Kalkine

Westpac Banking Corporation (ASX: WBC) has successfully completed institutional placement of fully underwritten $2 billion institutional share placement.

About 79 million new fully paid ordinary shares will be issued under the placement at the price of $25.32 per share and all the shares were assigned to sophisticated and institutional investors in the placement bookbuild.

  • The New Shares issued will not receive the 2019 final dividend;
  • News Shares are expected to settle on 7 November 2019 and commence trading on the ASX on 8 November 2019.

At AEST 01:03PM, the stock was trading at $26.990 per share, down by 3.192% from its previous close.


All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK