Bloomberg is saying "ICICI and borrowers including Macquarie Bank Ltd. and Rams Home Loans Group Ltd. in Australia sold dollar-denominated bonds after the U.S. Federal Reserve cut the benchmark rate for overnight borrowing by half a percentage point to 4.75 percent on Sept. 18. The reduction bolstered confidence that stability might return to credit markets roiled by losses in securities linked to U.S. subprime mortgage loans. "
Indian bank ICICI sold $2b worth, I think it is cake walk for RAMS. IMO, News is due very shortley...
