Login
ISCOVER
Wide Bay Australia has created a $100 million internal securitisation program to generate additional liquidity if required.
Ron Hancock, Wide Bay managing director, said the program was established for “contingent liquidity purposes” and was not envisaged to be required.
According to Wide Bay, it is the only ADI – apart from larger and major regional banks – to have such a facility in place.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Looking for more benefits?
Become a Premium Member.
Standard and Poor’s rated the $85.7 million Class A notes of the transaction AAA.
Published: 14-08-08
JOIN THE DISCUSSION