Westpac to raise $500m
Westpac to raise $500m Updated: 14:28, Wednesday January 30, 2013 Westpac is raising $500 million through the issue of hybrid securities to investors to strengthen its capital position.
WESTPAC yesterday outshone its big bank rivals by reporting a 12 per cent rise in net annual profit in a result that completed the Australian banking industry's worst reporting season since the 1992 recession.