Get notifications in real-time for staying up to date with content that matters to you.
Australia’s Big Four banks have issued $14.8 billion in bonds so far this year to meet increased demands from businesses and borrowers – three times the amount seen at the same point in 2007.
The increase has been driven by the collapse of the Australian credit markets as companies and borrowers that would have previously used non-bank lenders look back to the banks for funding.
“Banks have had to raise their funding to match the additional business flow [from corporate and non-bank lenders],” Michael Bush, National Australia Bank’s head of income credit research, told the The Australian Financial Review today.
So far CBA has issued $5.2 billion in bonds, followed by Westpac ($3.5 billion), NAB ($3.3 billion) and ANZ ($2.8 billion).
Published: 25-06-08
Brokers are driving competition in the mortgages sector and chang...
An SME lender has raised $25 million in equity to fund the ‘rap...
The weekly round-up of the biggest news stories from across Momen...
Join Australia's most informed brokers
Do you know which lenders are providing brokers and their customers with the best service?
Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
What's the longest time you've been left on hold before getting through to a credit assessor?
