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Westpac to raise $488 million in additional Tier 1 capital

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Westpac to raise $488 million in additional Tier 1 capital

Westpac Banking Corp , Australia's third-largest bank by market capitalisation, said on Monday it would raise A$750 million ($488.1 million) in an Additional Tier 1 (AT1) capital transaction.

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Westpac to raise $488 million in additional Tier 1 capital

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Westpac to raise $488 million in additional Tier 1 capital

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