TWENTY-EIGHTH SUPPLEMENTAL INDENTURE between WESTPAC BANKING CORPORATION and THE BANK OF NEW YORK MELLON as Trustee Dated as of January 16, 2020Twenty-Eighth Supplemental Indenture • January 16th, 2020 • Westpac Banking Corp • Commercial banks, nec • New York
successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to or registered assigns, the principal sum of (US$ ) on January 13, 2023 (the “Stated Maturity”). This Note will bear interest on the unpaid principal amount hereof from January 16, 2020, or from the most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for, until the principal amount hereof shall have been paid or duly provided for. The interest rate per annum on this Note will be reset quarterly on the first day of each Interest Period (as defined below) and will be equal to LIBOR (as defined below) plus 0.390%, as determined by a calculation agent (the “Calculation Agent”). The Bank of New York Mellon will initially act as Calculation Agent. The amount of interest for each day this Note is Outstanding (the “Daily Interest Amount”) will be calculated by dividing the interest rate in effect for that day by 360 and multiplying t
