Recent Trends in Australian Banks' Bond Issuance

Susan Black, Anthony Brassil and Mark Hack
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Susan Black: Reserve Bank of Australia
Mark Hack: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2010, 27-33

Abstract: Bonds are an important source of funding for Australian banks. While the financial crisis greatly affected capital markets, overall Australian banks retained good access to the bond market, with a sharp increase in the volume of bonds issued over the past couple of years. This reflected their sound balance sheets as well as the introduction of the Government guarantee which aided banks’ access to bond markets at the height of the crisis. While price differentials continued to influence banks’ decisions about where to issue bonds, during the crisis other factors increased in importance.

Keywords: bond issuance; Australian banks; financial crisis (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (6)

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