Australian Government to Give ANZ $1.3 Billion Loan Guarantee for Pacific Operations
(Reuters) - The Australian government will be giving ANZ Group a loan guarantee worth A$2 billion ($1.26 billion) to keep selling its services in the Pacific region, the lender said on Friday. The government also assesses the probability of the guarantee being called as very low. It includes an annual fee payable by the bank to the government.
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