Aussie Bank Government-Guaranteed (GG) Deals
- Wednesday, 14 January 2009
The Australian government guarantee scheme came into effect on November 28 2008. Australian banks started issuing with government guarantees onDecember 8 2008. By the end of the scheme on March 31 2010 the amount of long-term debt issued by Australian banks under the guarantee scheme amounts to the equivalent of over US$130 billion at current exchange rates. The main currency of issuance has been USD, with over US$61.9 billion issued. This is followed by AUD, with A$56 billion issued - predominantly in the domestic Australian market. The third-biggest issuance currency is Yen, with US$14.1 billion equivalent issued in the euro-yen and Samurai bond markets. Below is the final tally of government-guaranteed deals from Australian banks, gleaned from KangaNews contacts as well as the Australian government's website on guaranteed liabilities.
