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Aussie banks make strong start in offshore bonds

Westpac and National Australia Bank tap US market for first bond sales of 2017

Published Mon, Jan 9, 2017 · 09:50 PM

Sydney

TWO Australian major banks overcame intense competition last week to access the buoyant US dollar bond market, where investors lapped up the latest offerings from the country's well-regarded Double A rated issuers.

The Big Four like to open the year strongly and stay well ahead of the run rate in light of their substantial wholesale funding requirements.

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