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29 September 2000

# 11. What is making Australia a global financial centre?

DID YOU KNOW

Australia has a growing corporate bond market

  • Australia's corporate bond market has outstanding debt of around $A45 billion.
  • This is a 350 per cent increase in issuance over the four years to June 2000.
  • The profile of companies issuing bonds has changed with a surge in issuance by non-financial corporates and non-residents.
  • The development of the Australian corporate bond market provides both domestic and international borrowers with an important alternative source of capital and represents a major addition to Australias financial markets infrastructure.
Australia has a growing corporate bond market

Source: Axiss Australia, Executive briefing, Australian Debt Securities Markets, September 2000

A copy Of this report is available from Axiss Australia on http://www.axiss.com.au