Street Talk understands the Big Four bank is aiming for a circa $1.5 billion deal size and is preparing for launch next week.
Westpac’s latest hybrid deal, for which it mandated nine joint lead managers on Monday, is expected to shoot well past $1 billion.
Announcing the mooted deal on Monday morning, Westpac said it had hired nine joint lead managers – Westpac Institutional Bank, ANZ Securities, CBA, Morgan Stanley, Morgans, NAB, Ord Minnett, Shaw and Partners and UBS – as well as three co-managers across Bell Potter, LGT Crestone Wealth Management and Wilsons.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories.
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