Guaranteed feeding frenzy continues on- and offshore

ANZ Banking Group (ANZ) closed a busy week for Australia's biggest bank borrowers with a A$3.25 billion (US$2.3 billion) domestic transaction on January 9. With both National Australia Bank (NAB) and Commonwealth Bank of Australia (CommBank) issuing large US dollar transactions in the same week, Westpac Banking Corporation (Westpac) is now the only big four Australian bank not to have issued both on- and offshore under government guarantee.