China Turmoil Encourages Australian Bond Issuers to Think Local.

National Australia Bank Ltd. has been the leading offshore issuer this year, followed by Commonwealth Bank of Australia and Macquarie Group Ltd. Sydney Airport and phone-service provider Telstra Corp. have issued the most among non-bank borrowers. "Looking forward, borrowers are definitely going to be accessing cross-border markets, but volumes are hard to predict", said Andrew Duncan, head of Australian debt capital markets at HSBC Holdings Plc in Sydney. [Extracted from the article]

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