|
|
Article: AUST CORPORATE BOND MARKET LIKELY TO EXPAND TO FUND BANK LENDING.
- Article from:
- AsiaPulse News
- Article date:
- November 10, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SYDNEY, Nov 10 Asia Pulse - Australia's corporate bond market is likely to expand in the coming years as banks look to diversify their funding sources and local investors seek to increase fixed income holdings.
Westpac Banking Corporation (ASX:WBC) group treasurer Curt Zuber said on Tuesday that Australian banks would be looking to issue bonds with longer terms and to a wider pool of investors in the wake of the financial crisis.
"The bigger balance sheet forces you further out the curve," he said at a corporate finance conference in Sydney.
Bonds with longer terms are further out the yield curve.
Before the global financial crisis, ...