Westpac has completed its $3.5 billion equity raising by selling the 22.7 million shares left over from the bank's rights issue.
The shares were sold in the retail shortfall bookbuild at a clearing price of $29.50, which includes the $4 paid to each shareholder who did not exercise their entitlement.
"I want to thank shareholders for their tremendous support for the offer: it is a great endorsement of the strength of both our franchise and strategy," Westpac chief executive Brian Hartzer said.
Australia's big four banks have raised more than $20 billion since May to boost capital reserves to meet new regulatory requirements.
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