The bank guarantee one year on: A$130 billion issued
- Tuesday, 08 December 2009
One year after Commonwealth Bank of Australia (CommBank) (AA/Aa1/AA) launched the first Australian government guaranteed bank transaction, the sector has issued a total of around A$130 billion (US$119 billion) in nearly 400 transactions across currencies. And while the use of the guarantee has gradually declined, issuance has surpassed the equivalent of US$10 billion in every three month period.
