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Westpac tipped to seek $1.5b for new hybrid deal; hires big syndicate

Westpac’s latest hybrid deal, for which it mandated nine joint lead managers on Monday, is expected to shoot well past $1 billion.

Westpac is prepping a $1.5 billion hybrid deal. Natalie Boog

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/westpac-tipped-to-seek-1-5b-for-new-hybrid-hires-big-syndicate-20231106-p5ehtr