AUD bond idea

This AUD bond looks attractive, decent yield, trading below par.

Westpac 4.334% 16Aug2029
Cust price: 99.33
Yield to call: 4.45%
Call date: 16Aug2024
Coupon reset: AUD 5 years swap + 1.83%
Moody's: Baa1
S&P: BBB


Westpac is one of the four major banking organisation in Australia and one of the largest banking organisations in New Zealand.



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