Margins making US dollar first home for Australian covered bonds
- Friday, 18 November 2011
Westpac Banking Corporation (Westpac) became the second Australian bank to complete a covered bond, printing a US$1 billion issue on November 17. Following ANZ Banking Group (ANZ)'s deal two days earlier, Westpac also chose the US market to make its debut thanks to the more appealing cost of funds sourced in US dollars.
