WATC maintains an active presence in both domestic and overseas debt markets to source funding for its borrowing programs. WATC accesses funding through the following established borrowing facilities:
- Domestic A$ Benchmark Bonds
- Domestic A$ Floating Rate Notes (FRN)
- Domestic Short-Term Notes
- Euro Medium Term Notes (EMTN)
- Euro Commercial Paper (ECP).
Its primary source of long-term funding is the domestic fixed interest market. Long-term funding, mainly through domestic benchmark bonds, comprises approximately 75 per cent of total borrowings.
WATC is a key participant in short-term markets, issuing domestic short-term notes and overseas ECP for liquidity funding.
WATC continually explores opportunities to issue through its EMTN Program and other offshore markets to generate term fixed and floating rate funding.