Australian banks' guaranteed issuance tops US$130 billion as scheme ends
- Thursday, 01 April 2010
At the expiry of the Australian government's guarantee on new wholesale bank funding on March 31, combined long-term issuance under the aegis of the scheme had passed the equivalent of US$130 billion at current exchange rates. A total of 16 banks issued under guarantee, with volumes ranging from Westpac Banking Corporation's equivalent of US$30.5 billion to Bananacoast Credit Union's US$37 million.
