Read carefully this Yieldreport article provided here about Westpac, an Australian commercial bank:

a) Represent how Westpac's balance sheet will be affected by the issue of Westpac capital notes 7 alone, assuming Westpac manages to issue their desired amount.

b) Explain in detail the expected fate of Westpac's capital notes 3 as described in this article. Infer what this implies in terms of conversion of these capital notes 3 to shares. Illustrate this process in the timeline of the life of the capital notes 3 and in the balance sheet of Westpac.

c) Illustrate how the process described in a) is addressing the needs described in b). "Partial funding" is mentioned in the article. List and illustrate two other sources that Westpac can use to acquire the remaining funding.

A PLETHORA OF NEW HYBRIDS: WESTPAC'S LATEST CAPITAL NOTE 04 November 2020 Summary: Westpac to issue new hybrid security; offer follows similar issues from Challenger, BoQ and Bendigo; to partially fund redemption of Capital Notes 3; first call date in March 2027; initially to pay around 3.45% (annualised, including franking credits). Westpac plans to raise $750 million via an issue of Capital Notes 7 (ASX code: WBCPJ) securities, with the ability to raise more or less than this amount. The new securities will be perpetual, convertible, subordinated, unsecured, transferable, redeemable notes and the proceeds will be used for general corporate purposes. In practical terms, the proceeds will partially fund the redemption of $1.3 billion Westpac Capital Notes 3 (ASX code: WBCPF) which have a March 2021 call date