Westpac Securitisation Management Declares 5.3675% p.a. Interest Rate on Class A Notes for August 2026 Payment

Overview of Westpac Securitisation Management and Series 2024-1 WST Trust

Westpac Securitisation Management Pty Limited serves as the Trust Manager for the Series 2024-1 WST Trust, a securitisation vehicle listed on the Australian Securities Exchange under code WS1HA. Headquartered at Level 18, 275 Kent Street, Sydney NSW, the company manages the trust’s operations and provides market updates on its listed securities. Securitisation trusts like this are widely used in Australian financial markets to bundle financial assets and distribute investor returns through listed debt instruments.

The Class A Notes constitute a senior tranche within the securitised debt structure, typically receiving priority in cash flow distributions from underlying assets. As Trust Manager, Westpac Securitisation Management Pty Limited (ABN 73 081 709 211) ensures timely regulatory disclosures to the market and note holders. This announcement was authorized by Fiona Williams, Head of Group Subsidiary Governance, confirming adherence to Westpac group governance protocols.

Interest Rate Determination for July–August 2026 Period

The interest rate for the Class A Notes covering 21 July 2026 to 20 August 2026 has been set at 5.3675% per annum. This rate applies to the AUD-denominated Class A Notes and reflects the cost of funds within the securitisation during this interest accrual period. Interest rates in securitisation structures depend on factors such as underlying asset performance, prevailing market conditions, and the trust deed terms governing the Series 2024-1 WST Trust.

Announcing interest rates in advance is standard practice that provides transparency to investors about expected returns. The 5.3675% p.a. rate represents the contractual return for note holders for this monthly period. Fluctuations in this rate across periods are common for floating-rate debt instruments.

Interest Payment and Record Date for August 2026 Distribution

The Class A Notes interest payment is scheduled for Friday, 21 August 2026, with the record date set as Wednesday, 19 August 2026. Investors must be registered as note holders on the record date to receive the interest payment on the payment date. This two-business-day gap aligns with standard Australian financial market settlement practices for debt distributions.

Investors who acquire Class A Notes before the record date will be entitled to interest accrued for 21 July to 20 August 2026 at 5.3675% p.a. Those purchasing after the record date will not receive this payment but will be eligible for future distributions. Clear record and payment dates ensure certainty on entitlements and reduce settlement risks.

Securitisation Structure and Features of Asset-Backed Debt

The Series 2024-1 WST Trust is a securitisation vehicle pooling financial assets and issuing debt instruments to investors, with returns derived from underlying asset cash flows. Typically, mortgages or other assets are transferred to the trust, which issues Class A Notes and other debt tranches with varying risk-return profiles. Class A Notes, as senior securities, have priority on cash distributions, making them generally lower risk compared to subordinated tranches.

Being AUD-denominated, both principal and interest payments are made in Australian dollars, eliminating currency risk for local investors. The 5.3675% p.a. interest rate reflects the risk profile of assets, current market conditions, and the senior position of Class A Notes within the capital structure. These securitised debt instruments offer investors exposure to diversified asset pools and are regulated securities listed on the Australian Securities Exchange, subject to continuous disclosure and market rules.

Regulatory Compliance and Continuous Disclosure

This interest rate announcement complies with continuous disclosure obligations under Australian Securities Exchange rules and the Corporations Act 2001 (Cth). Westpac Securitisation Management Pty Limited, as trust manager, is required to promptly disclose material information affecting investor decisions. Disclosure of the interest rate, record date, and payment date meets these regulatory requirements, ensuring equal market access to key information.

Authorization by Fiona Williams, Head of Group Subsidiary Governance, confirms adherence to governance and approval procedures within Westpac. Regular, transparent announcements of interest rates and payment schedules maintain investor confidence and market integrity by clarifying the terms of the securities.

Investor Guidance on Securitised Debt Holdings

Investors holding Class A Notes in the Series 2024-1 WST Trust should note the record date of Wednesday, 19 August 2026, to qualify for the upcoming interest payment. The 5.3675% p.a. payment will be made on Friday, 21 August 2026, to note holders registered on the record date. Buyers ahead of the record date should consider accrued interest paid to sellers, which will be recouped at payment.

Interest rates on securitised debt can vary, especially for floating-rate instruments linked to benchmarks or asset performance. Investors should review the trust deed and prospectus to understand interest rate determination and factors influencing fluctuations. Monitoring announcements helps investors assess yields and alignment with investment goals.

2026 Market Context for Securitisation Debt

Securitisation remains vital in Australia’s financial system, enabling institutions to raise funds by pooling assets and distributing them to investors. The Series 2024-1 WST Trust is a recent issuance, reflecting ongoing securitisation market activity. Interest rates on securitised debt mirror broader market factors including the Reserve Bank of Australia’s cash rate, credit spreads, and risk premiums on underlying assets.

The 5.3675% p.a. interest rate for Class A Notes offers a benchmark yield for August 2026 securitisation investments. Investors must weigh this yield against risks such as credit risk on assets, interest rate risk, and early redemption potential. Westpac Securitisation Management’s detailed disclosures support informed investment decisions by providing transparent, current return data on listed debt securities.

Contact and Administrative Information for Investors

Westpac Securitisation Management Pty Limited is located at Level 18, 275 Kent Street, Sydney NSW 2000, Australia. Investors can contact the company by phone at +61 2 9155 7713 or fax at +61 2 9055 3575 for further information about the Series 2024-1 WST Trust or Class A Notes. The ASX listing (code WS1HA) ensures regulated trading with transparent pricing and settlement.

This company update, issued on 20 August 2026, provides full details on payment logistics and dates for Class A Notes investors. It serves as official market notification and fulfills continuous disclosure obligations. Investors should keep this announcement for their records and verify interest payments against portfolio statements on the scheduled date.