|Bid||19.35 x 1000|
|Ask||19.37 x 1200|
|Day's Range||19.00 - 19.41|
|52 Week Range||7.98 - 19.44|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||11.40|
|Forward Dividend & Yield||0.79 (4.06%)|
|Ex-Dividend Date||Nov 09, 2020|
|1y Target Est||21.93|
The Matrix product allows obligors who meet certain stringent requirements to access the loan without providing financial statements;- The evaluation of the capital structure;- The availability of excess spread over the life of the transaction;- The liquidity facility in the amount of 1.50% of the rated note balance subject to a floor of AUD300,000;- The interest rate swap provided by Westpac Banking Corporation (Aa3/P-1/Aa2(cr)/P-1(cr)).Initially, the Class A, Class B, Class C, Class D, Class E and Class F Notes benefit from 33.00%, 23.30%, 17.70%, 14.20%, 8.67% and 6.50% of note subordination, respectively.The notes will initially be repaid on a sequential basis until the credit enhancement of the Class A Notes is at least 45%. Should the Class A Notes credit enhancement exceeds 45% the Class A to Class F Notes will be paid pro-rata and senior to the Class G Notes until such point that the Class G Notes subordination equals or exceeds 13%.
While it may not be enough for some shareholders, we think it is good to see the Westpac Banking Corporation ( ASX:WBC...