- Westpac Banking Corporation (32XA) has launched $2.5 billion capital raising.
- The capital raising includes $2 billion of institutional share placement fully underwritten.
- It also includes a non-underwritten share buying proposal under which the company is aiming to raise around $500 million.
- The raised capital will provide the company with an increased buffer above the Australian Prudential Regulation Authority’s CET1 capital ratio benchmark of 10.5%2
With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities.
Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?
Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.
We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.