Westpac becomes second Australian bank to issue domestic covered bond [UPDATED]
- Friday, 20 January 2012
Westpac Banking Corporation (Westpac) has issued a A$3.1 billion (US$3.3 billion) Australian dollar covered bond transaction. The transaction is the second domestic deal issued by a major bank, following a A$3.5 billion dual-tranche deal issued by Commonwealth Bank of Australia on January 17.
