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BRIEF-Westpac Banking says $3.5 billion share entitlement offer and preliminary FY 2015 result

Published 14/10/2015, 08:11 am
© Reuters.  BRIEF-Westpac Banking says $3.5 billion share entitlement offer and preliminary FY 2015 result
WBC
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Oct 14 (Reuters) - Westpac Banking Corp WBC.AX :

* $3.5BN share entitlement offer and preliminary FY 2015 result WBC.AX

* Says Westpac announces a $3.5 billion share entitlement offer and preliminary full year 2015 result

* Price of the offer has been set at $25.50 which is a discount of 13.1% on the dividend adjusted theoretical ex-rights price

* Says equity raised will add about 100 basis points to Westpac's common equity tier 1 capital ratio

* Says trading expected to recommence on 19 October 2015

* Says increase in its variable home loan (owner occupied) and residential investment property loan rates by 20 basis points

* Says new rates take effect from 20 November 2015

* Says FY statutory net profit of $8.01 billion, up 6%

* Expects to determine a 2015 final, fully franked dividend of 94 cents per share, up 2 cents on the 2014 final dividend

* Source text for Eikon ID:nASX4LNglc

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