Rahul Preeth Doha Commercial Bank is likely to issue roughly 200 so-called Kangaroo bonds
denominated in Australian dollar towards the end of this quarter or early next quarter, the chief executive of the group, Joseph Abraham, said on Tuesday.
Dubai: National Bank of Abu Dhabi (NBAD) plans to sell Kangaroo bonds
, the lender's second foray into the Australian dollar-denominated debt market, as it diversifies its investor base.
NBAD this year sold 15-year so-called Uridashi bonds to Japanese retail investors denominated in Mexican pesos, after selling 300 million Australian dollars ($311 million) of Kangaroo bonds
. It also issued a 500 million Malaysian ringgit ($160 million) Islamic bond late last year.
Abu Dhabi: The National Bank of Abu Dhabi (NBAD) announced on Thursday the issuance of Kangaroo bonds
with a face value of Dh1.13 billion ($308 million) in Australia.
National Bank of Abu Dhabi (NBAD) has announced that it has issued Kangaroo bonds
are Australian dollar-based securities issued by foreign entities in Australia.
are Australian dollar denominated bonds sold by foreign borrowers in Australia.
The bank has raised close to AUD500m from the sale of its first kangaroo bonds
. The bank sold AUD250m of 6.75 per cent notes that are due in October 2014.
Summary: National Bank of Abu Dhabi, or NBAD, sold A$300 million ($308 million) of five-year Kangaroo bonds
, the first Australian dollar-denominated notes by a Middle Eastern-based firm since before the global financial crisis.
ADB last sold kangaroo bonds
-- Australian dollar-based debt issued in Australia by foreign entities -- in May 2011, showed Bloomberg data.
The International Bank for Reconstruction and Development (IBRD), a unit of the World Bank, has priced AUD1.05bn worth of Kangaroo bonds
in a five- and ten-year transaction.
IBRD last issued kangaroo bonds
, or Australian dollar-based securities sold in Australia by foreign investors, in January 2011, according to Bloomberg data.