Latest Banking News

Westpac Banking Corporation announces a fully franked distribution of AUD 1.2140 per Westpac Capital Notes 9 for the quarter ending December 2025, reflecting a 4.87% annualised yield based on current market rates.

Nickel Industries has successfully issued US$800 million in senior unsecured notes at a 9% coupon, extending its debt maturity to 2030 and reducing annual amortisation by US$88 million. The company also launched a tender offer to repurchase higher-cost notes maturing in 2028.

TasFoods has agreed to sell its Pyengana Dairy business for $2 million, aiming to reduce debt and refocus on its poultry supply chain. The sale awaits shareholder approval with settlement expected by early November.

Canyon Resources is fast-tracking its Minim Martap bauxite project in Cameroon, backed by a $140 million debt facility and a $215 million equity raise, aiming for production start in early 2026. The Definitive Feasibility Study confirms strong economics with a project NPV exceeding $830 million and an IRR of 29%.

Sonic Healthcare announces a major leadership transition with Dr Colin Goldschmidt retiring after 32 years as CEO, succeeded by Dr Jim Newcombe. The company also appoints Evangelos Kotsopoulos as Chief Operating Officer to support its global growth ambitions.

Cleanaway Waste Management has updated its FY2025 final dividend details, including currency options for New Zealand shareholders and a revised Dividend Reinvestment Plan price.

WiseTech Global has updated its dividend announcement, confirming a fully franked ordinary dividend for the half-year ending June 2025 and setting the Dividend Reinvestment Plan price at AUD 96.75.

Newmont Corporation has updated its dividend announcement to clarify currency exchange rates and payment methods for the quarter ending June 2025, affecting how investors receive their returns.

Tuas Limited has reported a robust turnaround in FY25 with positive net profit and strong subscriber growth, alongside completing the strategic acquisition of M1 Limited. The company sets sights on further expansion amid regulatory review.

Cash Converters International Limited has reported robust FY25 results, driven by strategic store acquisitions and a pivot to longer-term, lower-cost lending products. The company is expanding its global footprint and luxury retail offerings while maintaining strong shareholder returns.

Commonwealth Bank of Australia updates its final dividend details, confirming a fully franked payout of AUD 2.60 per share and setting the Dividend Reinvestment Plan price at AUD 168.60 with no discount.

Metal Bank Limited moves swiftly to expand its Western Australian gold footprint through the acquisition of Hastings Technology Metals’ gold assets and a $2.3 million capital raising aimed at fast-tracking exploration and production.