Institutional Investors

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.