Westpac Institutional Bank

Despite a 104% US tariff, we believe China can still achieve its 5.0% growth target in 2025, says #Westpac economist Elliot Clarke, CFA, CAIA Into the medium term, the hit to US relations with the rest of Asia will give China much greater leeway to strengthen their economic and political relationships across the region. #China #FOMC #CNY #USD #Westpac

Over the next three to five years, we’re set to see decades worth of change in banking with the digitisation of Australia’s payments system. Australian consumers are well ahead in embracing real-time payments and mobile banking. When was the last time you wrote a cheque? Now the countdown has started for businesses and institutions to make the move to real time payments before Australia’s cheques system begins to wind down in 2028 and the Bulk Electronic Clearing System is largely switched off in 2030. This is the last mile, and while the efficiency gains are clear, for established organisations it’s often a big and complex change. If you’re looking for an example of an organisation that’s ahead of the curve, the NSW Government is a stand-out and Jeffrey Byrne, Managing Director, Global Transaction Services, shared this case study with the The Australian Financial Review today to encourage businesses to start planning now. https://lnkd.in/gqBQJqzW Anthony Miller Nell Hutton Kathryn Carpenter Peta O'Brien Adam Renshaw Jason Kambovski

Congratulations ACEREZ (a group made up of Endeavour Energy (NSW), ACCIONA AU & NZ and Grupo Cobra), EnergyCo and Capella Capital, on achieving financial close of its project financing for the Central-West Orana Renewable Energy Zone (REZ) Transmission Project, the first REZ in Australia.   This project will see the construction of new high-capacity transmission lines, energy hubs and supporting transmission infrastructure to transfer power generated by solar and wind farms to electricity consumers.   Expected to be operational by 2028, the Central-West Orana REZ is expected to support around 5,000 construction jobs in the region at its peak and initially unlock up to 4.5 gigawatts of new network capacity – the equivalent of powering 2 million homes.   Westpac has been supporting the growth and development of NSW for two centuries. We’re proud to be a Mandated Lead Arranger and a Green Loan Coordinator.   Full story on the Central-West Orana REZ at: https://lnkd.in/gyM2ZZFC   #projectfinance #renewables #greenloan #energy #sustainablefinance #EnergyCoNSW #CentralWestOranaREZ #RenewableEnergy   Nell Hutton Alastair Welsh David Scrivener Jon Pooley Aldo T. Sub Mukherjee Linh Quach Jason Tranter Greg Clark Chris Janes Shar Kangatharan, CFA Jessica Li Bruna Paiva Mazziotti Michael Herlihy

Congratulations Max Bulloch, Managing Director, Financial Markets on being named as one of seven KangaNews Market People of the Year for 2024.   In acknowledging this achievement, KangaNews said, “Westpac Institutional Bank’s phenomenal success across a raft of sectors in the Australian and New Zealand debt markets is plain to see from results in the KangaNews Awards for two years running. Many individuals deserve a share of the credit for Westpac’s rise, but perhaps none more so than Max Bulloch. Credited with delivering a vision and ambition that has unified disparate aspects of the business, Max has overseen the creation of a true market leader.”   The announcement was made at the KangaNews Gala Dinner last night. In addition, Westpac received 23 issuer, deal and house awards for Australia and New Zealand. Well done to the entire team of this significant achievement.   #kanganewsawards #debtmarkets   Anthony Miller Nell Hutton Allan O’Sullivan Peter Block Mat Carter Joanna Silver Rob Adam Martin Whetton Greg Kaspar

President Trump’s reciprocal #tariff framework will take effect without delay. While these measures will affect Australian exporters directly and through our major trading partners, the greatest impact will be on the US, says #Westpac economist Elliot Clarke, CFA, CAIA. #WestpacIQ #USD #FOMC #China #AUD

How are carbon markets evolving to meet ever-changing scope and looming net-zero deadlines? The 2025 CMI-Westpac Carbon Market Report captures the views of some of Australia’s smartest thinkers. Full article: https://lnkd.in/gBbzvkXp #WestpacIQ #carbonmarkets #sustainability #netzero Carbon Market Institute (CMI) #Westpac Philippa Sjoquist Kosta K. Alastair Welsh Max Bulloch Karl Eisenhammer John Connor Gabriella Warden Kurt Winter Marion Demann

Cash rate on hold at 4.1% as the newly formed Monetary Policy Board waits for more information to be '100% confident'. Full article from #Westpac chief economist Luci Ellis: https://lnkd.in/gXhP7V5h

Thank you NSW Government on reappointing Westpac as a leading banking partner. We look forward to continuing to work with the NSW Treasury Banking Team to deliver faster, easier and simpler payments for the people of NSW. Together, we can achieve great things. Nell Hutton Jeffrey Byrne Alastair Welsh Adam Renshaw Ferrah Wells Jason Kambovski Peta O'Brien

In the March ESG Impact, our experts consider the developments making headlines from industry highlights to policy updates and innovation. Full article: https://lnkd.in/eEMG8QYH #WestpacIQ #ESG #Sustainabillity Philippa Sjoquist Meaghan van der Bergh Betty Song

We had the pleasure of collaborating with Latitude Financial Services last week to successfully execute their 5th capital markets personal loans transaction.   Latitude's international roadshow generated a substantial amount of offshore interest allowing the introduction of multiple new investors to the program. The strong demand for the bookbuild exceeded $1.6 billion, allowing the maximum amount of $500 million to be issued.   Westpac acted as Arranger and Joint Lead Manager. Commenting on the transaction Westpac’s Head of ABS Strategy, Martin Jacques said: “The oversubscription highlights the ongoing demand for Australian securities. This transaction saw the lowest margin for senior notes in a personal loan transaction since the tight pricing observed during COVID in 2021, and all subordinated notes were priced better than the expected range.” Latitude’s Group Treasurer & interim CFO Stefano Tognon added: “We are pleased with the expanded domestic and international investor following in our Personal Loan ABS programme, enabling Latitude to raise important growth funding to advance our strategic agenda in personal lending in 2025.”   Congratulations to Latitude Financial on successfully closing your first deal of 2025! Nell Hutton Max Bulloch Allan O’Sullivan Lucie Allcock Meg Weeks ryan evans Dong Jin Michael Donohue