Previous Close | 19.15 |
Open | 19.35 |
Bid | 19.35 x 1000 |
Ask | 19.37 x 1200 |
Day's Range | 19.00 - 19.41 |
52 Week Range | 7.98 - 19.44 |
Volume | 95,807 |
Avg. Volume | 123,191 |
Market Cap | 69.272B |
Beta (5Y Monthly) | 0.76 |
PE Ratio (TTM) | 11.40 |
EPS (TTM) | 1.70 |
Earnings Date | N/A |
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...