Westfield Group has become the second listed property trust to swiftly cash in on the stabilising US equity markets, securing $US700m (A$891m) through a bond issue.

In a move that suggests property groups are starting to claw back some power from the banks, the world's largest shopping centre owner increased the initial issue of $US500m by $US200m on the back of strong demand.

Within an hour of the issue being launched, investors were willing to pour $US2bn into the property trust's coffers, according to sources.

The Australian