Finance / Australia
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
St. George Raises AUD1bn
September 2008 | Corporate Financing News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Australia's fifth-largest lender, St. George Bank, is ahead of schedule in its term wholesale funding requirements for 2009. St. George announced on September 1 that it has sold AUD1.05bn (US$901.30mn) in residential mortgage-backed securities (RMBS), bringing its 2009 funding requirements to 40% completed. The bank has an estimated US$11-12bn in requirements for 2008 and 2009.