2023-03-17 12:30
Global turmoil makes Australian banks' refinancing mountain a harder climb
SYDNEY – A A$300 billion ($201.21 billion) refinancing task for Australia's biggest banks is about to get harder, say analysts, as appetite for new debt shrinks across global markets roiled by concerns about bank stability and liquidity. Australia's biggest banks, Westpac , ANZ Group Holdings , Commonwealth Bank and National Australia Bank are refinancing roughly A$300 billion worth of funding in fiscal 2023 and 2024, the largest two-year tally in nearly a decade, according to Macquarie research.

https://business.inquirer.net/391618/global-turmoil-makes-australian-banks-refinancing-mountain-a-harder-climb

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