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Recent Trends in Australian Banks' Bond Issuance

Author

Listed:
  • Susan Black

    (Reserve Bank of Australia)

  • Anthony Brassil

    (Reserve Bank of Australia)

  • Mark Hack

    (Reserve Bank of Australia)

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.

Suggested Citation

  • Susan Black & Anthony Brassil & Mark Hack, 2010. "Recent Trends in Australian Banks' Bond Issuance," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 27-33, March.
    • Handle: RePEc:rba:rbabul:mar2010-05
    as

    Download full text from publisher

    File URL: https://www.rba.gov.au/publications/bulletin/2010/mar/pdf/bu-0310-5.pdf
    Download Restriction: no
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    References listed on IDEAS

    as
    1. Anna Brown & Michael Davies & Daniel Fabbro & Tegan Hanrick, 2010. "Recent Developments in Banks' Funding Costs and Lending Rates," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 35-44, March.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Anthony Brassil & Jon Cheshire & Joseph Muscatello, 2018. "The Transmission of Monetary Policy through Banks' Balance Sheets," RBA Annual Conference Volume (Discontinued), in: John Simon & Maxwell Sutton (ed.),Central Bank Frameworks: Evolution or Revolution?, Reserve Bank of Australia.
    2. Anna Brown & Michael Davies & Daniel Fabbro & Tegan Hanrick, 2010. "Recent Developments in Banks' Funding Costs and Lending Rates," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 35-44, March.
    3. Carl Schwartz, 2010. "The Australian Government Guarantee Scheme," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 19-26, March.
    4. Cottrell, Simon & Karpavičius, Sigitas, 2021. "Does foreign monetary policy drive Australian banks' wholesale funding costs?," Global Finance Journal, Elsevier, vol. 50(C).
    5. Susan Black & Anthony Brassil & Mark Hack, 2010. "The Impact of the Financial Crisis on the Bond Market," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 55-62, June.
    6. Benn Robertson & Anthony Rush, 2013. "Developments in Banks' Funding Costs and Lending Rates," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 63-70, March.

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    2. Anthony Brassil & Jon Cheshire & Joseph Muscatello, 2018. "The Transmission of Monetary Policy through Banks' Balance Sheets," RBA Annual Conference Volume (Discontinued), in: John Simon & Maxwell Sutton (ed.),Central Bank Frameworks: Evolution or Revolution?, Reserve Bank of Australia.
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    4. Carl Schwartz, 2010. "The Australian Government Guarantee Scheme," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 19-26, March.

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