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Westpac raises A$50M in note issue

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Westpac raises A$50M in note issue

Westpac Banking Corp. raised A$50 million by issuing senior notes due June 2028.

The notes, which carry a 3.70% annual coupon rate, were issued March 29, the bank said the same day.

The bank said it will use net proceeds from the issuance for general funding purposes.