Case Study 11: Scenario An Australian resident manufacturer, Gadgets Ltd, wants to borrow $50 million to expand its manufacturing operations. It is considering the following alternatives: (a) Borrowing through the London branch of ANZ Bank (an Australian resident) to finance the loan. ANZ would borrow on the Eurodollar market from a German Bank which is not a resident of Australia and does not carry on business here. The money is to be used by Gadgets to build a new factory in Australia. (b) Borrowing through the head office of the ANZ Bank in Melbourne. The ANZ would obtain its finance in the way described in item (a). (c) Borrowing through the London branch of the ANZ but building the factory in Malaysia. The ANZ would obtain its finance in the way described in item (a)