I received an email with the Westpac Capital Notes 3 Offer. I read in the latest Switzer Super Report (Monday July 27), a brief reference by Paul Rickard, saying that he liked Westpac Capital Notes 3.
Should I consider taking up the offer?
Presently I hold WBC shares, Westpac Subordinate Notes, and Westpac Capital Notes 2.
A: Legally, I can’t advise you on whether to take up the offer or not, without a full understanding of your financial objectives, financial situation and particular needs.
That said, I think that the offer margin of 4.0% is attractive for investors who understand the risks and maintain a diversified portfolio of hybrid issuers.
I will be writing more about this on Thursday.
Hope this helps.
