February 9, 2010

MACQUARIE Group is expected to return to credit markets before the expiry next month of the government funding guarantee, in an attempt to roll over more than $2 billion worth of funds that are due to expire this year.

Credit market analysts yesterday said the withdrawal of the term debt guarantee was a setback for Macquarie Bank and some regional banks that also faced a looming rollover of funds this year.

However, Deutsche Bank's Gus Medeiros said that for most banks, the debt refinancing requirements were ''manageable''.



Original Posting At:   SMH