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Headline: Australia – Corporate bond market takes off Source: Euromoney Date: March 2000 Author: Peter Lee Radical change is under way in Australian financial markets. A booming economy, prudent fiscal policy and privatization have led to the paying back of government debts. Fund managers are flush with superannuation money that must be put to work. Meanwhile banks are keen to lead structured loans and build mortgage loan books, but less happy with returns on straight corporate credits. So Australian companies are turning to bond markets for their funding. |
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