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Kangaroo Bond

What is 'Kangaroo Bond'

A type of foreign bond that is issued in the Australian market by non-Australian firms and is denominated in Australian currency. The bond is subject to Australian laws and regulations.

Also known as a "matilda bond."

Explaining 'Kangaroo Bond'

Foreign bonds, such as kangaroo bonds, are mainly used to provide issuers with access to another capital market outside of their own to raise capital. Also, major corporations and/or investment firms looking to diversify their holdings and improve their overall currency exposures can use kangaroo bonds to raise funds in Australian dollars. Major issuers of kangaroo bonds have typically been from the United States Germany. Other foreign bonds include samurai bonds and bulldog bonds.


Further Reading


Kangaroo bond issuance in Australia
opus.lib.uts.edu.au [PDF]
… development of foreign bond markets (Samurai bonds in Japan, Arirang in Korea and Kangaroos in Australia … Thus the RFID captures 88.0% of outstanding kangaroo bonds as at March 2008 … 5 There is one bond recorded for Australia, unusually made by an offshore subsidiary of …

The role of foreign bond issuance: The case of AustraliaThe role of foreign bond issuance: The case of Australia
onlinelibrary.wiley.com [PDF]
… development of foreign bond markets (Samurai bonds in Japan, Arirang in Korea and Kangaroos in Australia … Thus the RFID captures 88.0% of outstanding kangaroo bonds as at March 2008 … 5 There is one bond recorded for Australia, unusually made by an offshore subsidiary of …

Kangaroo bond issuance in Australia:<span style=[Paper presented at the Melbourne Money and Finance Conference:'Recent Developments in Australian Debt Markets'(13th …' src='/thumbnails/?img=https%3A%2F%2Fsearch.informit.com.au%2FfullText%3Bres%3DIELAPA%3Bdn%3D200903037' />Kangaroo bond issuance in Australia:[Paper presented at the Melbourne Money and Finance Conference:'Recent Developments in Australian Debt Markets'(13th …
search.informit.com.au [[Paper presented at the Melbourne Money and Finance Conference:'Recent Developments in Australian Debt Markets'(13th …' href='https:/api.miniature.io/pdf?url=search.informit.com.au%2FfullText%3Bres%3DIELAPA%3Bdn%3D200903037'>PDF]
… development of foreign bond markets (Samurai bonds in Japan, Arirang in Korea and Kangaroos in Australia … Thus the RFID captures 88.0% of outstanding kangaroo bonds as at March 2008 … 5 There is one bond recorded for Australia, unusually made by an offshore subsidiary of …

Financial market innovation in Australia: implications for the conduct of monetary policyFinancial market innovation in Australia: implications for the conduct of monetary policy
papers.ssrn.com [PDF]
… development of foreign bond markets (Samurai bonds in Japan, Arirang in Korea and Kangaroos in Australia … Thus the RFID captures 88.0% of outstanding kangaroo bonds as at March 2008 … 5 There is one bond recorded for Australia, unusually made by an offshore subsidiary of …

A History of A ustralian Corporate BondsA History of A ustralian Corporate Bonds
onlinelibrary.wiley.com [PDF]
… development of foreign bond markets (Samurai bonds in Japan, Arirang in Korea and Kangaroos in Australia … Thus the RFID captures 88.0% of outstanding kangaroo bonds as at March 2008 … 5 There is one bond recorded for Australia, unusually made by an offshore subsidiary of …

Foreign bond markets and financial market development: International perspectivesForeign bond markets and financial market development: International perspectives
www.elgaronline.com [PDF]
… development of foreign bond markets (Samurai bonds in Japan, Arirang in Korea and Kangaroos in Australia … Thus the RFID captures 88.0% of outstanding kangaroo bonds as at March 2008 … 5 There is one bond recorded for Australia, unusually made by an offshore subsidiary of …

Kangaroo market looks to another record yearKangaroo market looks to another record year
heinonline.org [PDF]
… development of foreign bond markets (Samurai bonds in Japan, Arirang in Korea and Kangaroos in Australia … Thus the RFID captures 88.0% of outstanding kangaroo bonds as at March 2008 … 5 There is one bond recorded for Australia, unusually made by an offshore subsidiary of …

Interest-Free Treasury Bonds (IFTB): Islamic Finance and Legal ClarificationsInterest-Free Treasury Bonds (IFTB): Islamic Finance and Legal Clarifications
www.cribfb.com [PDF]
… development of foreign bond markets (Samurai bonds in Japan, Arirang in Korea and Kangaroos in Australia … Thus the RFID captures 88.0% of outstanding kangaroo bonds as at March 2008 … 5 There is one bond recorded for Australia, unusually made by an offshore subsidiary of …

Regulation of Bond/Debenture Market in AustraliaRegulation of Bond/Debenture Market in Australia
papers.ssrn.com [PDF]
… development of foreign bond markets (Samurai bonds in Japan, Arirang in Korea and Kangaroos in Australia … Thus the RFID captures 88.0% of outstanding kangaroo bonds as at March 2008 … 5 There is one bond recorded for Australia, unusually made by an offshore subsidiary of …



Q&A About Kangaroo Bond


What is a kangaroo bond?

A kangaroo bond is a type of foreign bond that is issued in the Australian market by non-Australian firms and is denominated in Australian currency. The bond is subject to Australian laws and regulations.

Who issues kangaroo bonds?

Non-Australian firms issue kangaroo bonds.

Where are kangaroo bonds denominated?

Kangaroo bonds are denominated in Australian currency.

Are all foreign bonds called "kangaroos"?

No, not all foreign bonds are called "kangaroos".

What do you call other types of foreign bonds?

Other types of foreign bonds include samurai and bulldog Bonds.

What is Kangaroo Bond?

Kangaroo bond is a foreign currency bond issued in Australia.

How can the risk associated with raising capital in a foreign currency be mitigated?

The risk associated with raising capital in a foreign currency can often be mitigated with risk-management techniques such as cross-currency swaps.