Business
ASX rises; CBA hits $100 for first time – The Australian Financial Review
Australian shares have rallied from an opening loss; Morgan Stanley’s Gorman sees US rate rise in early 2022; Fletcher Building upgrades guidance; ASX deputy chief…
Westpac Banking Corp raised US$2.75 billion ($3.54 billion) of unsecured debt in the US bond market overnight, marking the first time an Australian bank tapped the debt markets in this format since the onset of the COVID-19 pandemic.
The Sydney-based bank sold 5- and 10-year bonds just five weeks before Australian banks will lose access to the $200 billion term funding facility provided to them by the Reserve Bank.
The three-year Reserve Bank facility, which costs just 10 basis points per annum,…
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