Matilda Bond

(redirected from Kangaroo Bond)

Matilda Bond

A foreign bond denominated in Australian dollars and traded in Australia. In order to raise capital from Australian investors, a foreign company may choose to sell a bond in Australia. A Matilda bond is also known as a kangaroo bond. See also: Bulldog bond, Samurai bond, Yankee bond.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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The World Bank (International Bank for Reconstruction and Development, IBRD rated Aaa/AAA) has raised an additional A$50 million for its Kangaroo bond due August 2020 - the first bond created, allocated, transferred and managed through its life-cycle using distributed ledger (blockchain) technology.
We are also exploring the Australian market to launch kangaroo bond next year," he said.
Commercial Bank's proposed Kangaroo bond is "part of its policy of diversifying funding by product size, geography, and tenor," said Group CEO Joseph Abraham.
On the new issuance front, Emirates NBD successfully priced a new AUD 450m 7-year kangaroo bond at 4.75 per cent.
Global Banking News-January 12, 2015--Manitoba names banks for Kangaroo bond issue
National Bank of Abu Dhabi raised A$400 million ($358 million) from its second Kangaroo bond sale, paying half a percentage point less for five-year debt than it did a year ago.
NBAD has recently sold its first kangaroo bond denominated in Australian dollars, and also an Uridashi bond sold to Japanese investors.
Abu Dhabi: The National Bank of Abu Dhabi closed its inaugural Kangaroo bond with a coupon rate of 5 percent and face value of AU$300 million (US$308 Million; AED1.131 Billion).
BANKING AND CREDIT NEWS-July 18, 2012--S Korean Eximbank bags AUD500m from Kangaroo bond sale(C)2012 M2 COMMUNICATIONS http://www.m2.com
M2 EQUITYBITES-July 18, 2012--S Korean Eximbank bags AUD500m from Kangaroo bond sale(C)2012 M2 COMMUNICATIONS http://www.m2.com
The Kangaroo bond offer also included an AUD250m 6.75 percent fixed rate tranche yielding 6.87 percent.