Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 62

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 62
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,665         32,328
Long-term debt (by currency):              ​              ​
AUD                                   38,398         41,191
CHF                                    2,853          2,554
EUR                                   36,605         32,182
GBP                                    5,705          5,695
JPY                             72             78          
NZD                                    3,104          3,483
USD                                   48,583         50,258
Other                                  1,419          1,515
Total long-term debt                 136,739        136,956
​
Westpac manages FX exposure from debt issuances as part of its hedging activities. Further details of Westpac’s hedge accounting are in Note 20.
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WESTPAC GROUP 2025 ANNUAL REPORT
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NOTES TO THE FINANCIAL STATEMENTS

Note 14.Loan capital
Accounting policy​

Loan capital are instruments issued by Westpac which qualify for inclusion as regulatory capital under the standards issued by the prudential regulator in the relevant jurisdiction. Loan capital is initially measured at fair value and subsequently measured at amortised cost using the effective interest method. Interest expense incurred is recognised in net interest income.
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                       ​                          ​       ​       ​        ​      ​       ​       ​        ​   
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​                                                 ​                Consolidated   ​               Parent Entity
$m                                                2025           2024             2025           2024          
Additional Tier 1 (AT1) loan capital                         ​   ​            ​   ​          ​                ​
Westpac capital notes                                    6,697   ​        8,376   ​      6,697            8,376
USD AT1 securities                                       1,838   ​        1,728   ​      1,838            1,728
Total AT1 loan capital                                   8,535   ​       10,104   ​      8,535           10,104
Tier 2 loan capital                                          ​   ​            ​   ​          ​                ​
Subordinated notes                                      31,435   ​       27,779   ​     30,356           26,666
Total Tier 2 loan capital                               31,435   ​       27,779   ​     30,356