Australia’s home-grown investment bank has total assets of A$32.5 billion as at 30 September 2002 and last year recorded a pre-tax profit of A$355 million. It employs 4,800 people in more than 20 countries and operates under six broad groups investment banking, equity markets, treasury and commodities, banking and property, funds management and financial services.
A prolific debt issuer, the bank has $4.5 billion worth of offshore paper currently outstanding. FinanceAsia interviewed the man in charge of funding the bank’s activities, executive director Craig Shapiro, and ask him about his borrowing strategy.
What are your borrowing plans for the rest of 2003
We are an...