LONDON - Westpac Banking (NYSE:WBK) Corporation has released a Supplementary Prospectus related to its U.S.$40 billion Global Covered Bond Program, as confirmed on Tuesday. The document, approved by the United Kingdom (TADAWUL:4280) Financial Conduct Authority (FCA), supplements the Base Prospectus dated November 8, 2024.
The Supplementary Prospectus, dated December 17, 2024, includes the financial statements for the year ended September 30, 2024, of the Westpac Covered Bond Trust. These financial statements have been incorporated by reference and were issued by Westpac Securitisation Management Pty Limited.
This update to the bond program ensures that potential investors have access to the latest financial information regarding the trust that unconditionally and irrevocably guarantees the payments of interest and principal. The guarantee is provided by BNY Trust Company of Australia Limited, serving as the trustee of the Westpac Covered Bond Trust.
The documents have been made available for public inspection and can be accessed through the National Storage Mechanism, ensuring transparency and compliance with regulatory requirements.
The release of the Supplementary Prospectus is a routine step in maintaining the accuracy and currency of the information available to investors in the bond market. It follows the standard procedure for such financial instruments and allows for informed decision-making by stakeholders.
The issuance of this Supplementary Prospectus is based on a press release statement and is part of Westpac's ongoing efforts to provide up-to-date information to its investors and maintain compliance with market regulations.
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