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Westpac Securities NZ Limited

About WSNZL

Westpac has been operating in New Zealand since 1861. On 1 November 2006, the retail and business banking operations of Westpac became a locally incorporated company called Westpac New Zealand Limited (WNZL).

Westpac Securities NZ Limited (WSNZL) was established as a dedicated entity to provide all offshore wholesale funding for WNZL.

Key Facts

  • WSNZL began issuing debt on 1 November 2006
  • WSNZL issuance through its London branch, is via USCP, ECP/CD, EMTN and 144A programs
  • WSNZL's issuance is guaranteed by its indirect parent, WNZL
  • Disclosure for WNZL as guarantor is provided via the New Zealand Disclosure Statement (DS) regime as required by the New Zealand Reserve Bank.
    (Please also visit us at Bloomberg "WSNZ").
     

View WNZL's latest investor presentation

Financial Statements

Westpac Securities NZ Limited Interim Financial Report for the six months ended 31 March 2016 (PDF 2MB)

Westpac Securities NZ Limited Annual Report  for the year ended 30 September 2015 (PDF 4MB)

Westpac Securities NZ Limited financial statements for the half year ended 31 March 2015   (PDF 2MB)

Westpac Securities NZ Limited financial statements for the year ended 30 September 2014 (PDF 4MB)

Westpac Securities NZ Limited interim financial statements for the half year ended 31 March 2014 (PDF 9MB)

Westpac Securities NZ Limited financial statements for the year ended 30 September 2013 (PDF 4MB)

Westpac Securities NZ Limited interim financial statements for the half year ended 31 March 2013 (PDF 2MB)

Westpac Securities NZ Limited financial statements for the year ended 30 September 2012 (PDF 6MB)

Westpac Securities NZ Limited interim financial statements for the half year ended 31 March 2012 (PDF 2MB)

Westpac Securities NZ Limited financial statements for the year ended 30 September 2011 (PDF 5MB)

Westpac Securities NZ Limited interim financial statements for the half year ended 31 March 2011 (PDF 2MB)

Westpac Securities NZ Limited financial statements for the year ended 30 September 2010 (PDF 1MB)

Westpac Securities NZ Limited interim financial statements for the half year ended 31 March 2010 (PDF 1MB)

Westpac Securities NZ Limited financial statements for the year ended 30 September 2009 (PDF 1MB)

Westpac Securities NZ Limited interim financial statements for the half year ended 31 March 2009 (PDF 778KB)

Westpac Securities NZ Limited financial statements for the year ended 30 September 2008 (PDF 1MB)

Westpac Securities NZ Limited interim financial statements for the half year ended 31 March 2008 (PDF 672KB)

Westpac Securities NZ Limited financial statements for the year ended 30 September 2007 (PDF 1MB)

Credit ratings for WNZL

 

  Short term Long term Outlook
Moody's Investors Service  P-1  Aa3  Stable
Standard & Poor's   A-1+  AA-  Stable
Fitch  F1+  AA-  Stable

 

Other Information

On 2 February 2015, Westpac announced the appointment of David McLean as Chief Executive, Westpac New Zealand.  See the full media release here (PDF 63KB).
 

On 12 August 2014, the Westpac Group announced the resignation of Peter Clare, Westpac New Zealand’s CEO, following a recent major medical procedure. David McLean, the acting Westpac New Zealand CEO, will continue in the role while an internal and external search is undertaken for Mr. Clare’s replacement. See the full media release here (PDF 442KB).

In addition, Mr Clare has resigned his directorship of WNZL & WSNZL effective 12 August 2014. See the full media release here (PDF 72KB).
 

On 24 February 2012, Fitch announced changes to the credit ratings of Australian major Banks. Westpac along with Westpac New Zealand Limited had its long-term issuer default rating downgraded to AA- from AA with a stable outlook. See the  full media release here (PDF 138KB).
 

On 1 December 2011, S&P announced the updated ratings for Westpac Banking Corporation (Westpac). As a result of the criteria changes, and the update to Westpac’s issuer credit rating, Westpac New Zealand Limited's and Westpac Securities NZ Limited's long term senior unsecured debt rating was lowered to AA-, down from AA.  The short term ratings were affirmed at A-1+. The outlook for the ratings remain stable. See the full media release here (PDF 47KB).
 

On 1 November 2011, The Westpac Group announced the completion of the restructure of its New Zealand operating model. See the full media release here (PDF 487KB)
 

On 27 May 2011, Moody's announced that the long term, senior unsecured debt rating of WNZL was downgraded to Aa3 from Aa2. See the full WNZL media release here (PDF 370KB).

Global Funding contacts

For any pricing or other enquiries regarding Westpac Securities NZ Limited, please contact:

 

Chris Bannister
Head of Funding
Camomile Court
23 Camomile Street
London EC3A 7LL
United Kingdom
Phone: (44) 20 7621 7637
Email: cbwsnzl@westpac.com.au

For any general enquiries, please contact:

 

 

Jim Reardon
Treasurer, Westpac New Zealand Limited
16 Takutai Square 
Auckland 1010, New Zealand
Phone: (64) 9 367 3539
Email: nzfunding@westpac.com.au