Latest news with #KangarooBond
Bloomberg
21-07-2025
- Business
- Bloomberg
Indonesia Plans First Kangaroo Bond in Boost to Australian Ties
Indonesia is set to issue its first Australian dollar-denominated debt as the two countries strengthen their financial partnership. 'Subject to market conditions, Indonesia will also issue its first-ever Australian dollar-denominated 'Kangaroo bond' in August — a vote of confidence and meaningful step forward,' the nations' financial chiefs, Sri Mulyani Indrawati and Jim Chalmers, said in a statement Saturday. 'This will open new pathways for Australian investors to find quality investment products, support Indonesia's growth and strengthen financial integration.'
Zawya
11-06-2025
- Business
- Zawya
Emirates NBD tightens price on AUS $600mln 10-year benchmark Kangaroo bond
Emirates NBD, the UAE's second largest lender by total assets, has tightened the price on its $600 million Australian dollars ($391 million) 10-year fixed benchmark senior unsecured Kangaroo bond that launched today. The spread is set at asset swaps plus 185bps, with an exchange of futures for physical (EFP) at +164.3 (June) and +160.3 (September). The coupon rate is set at 5.913%. The final orderbook is in excess of $1.19 billion Australian dollars ($775 million), inclusive of an AUS $50 million JLM demand. The expected issue rating is A1 / A+ (Moody's / Fitch), in line with the bank's rating. Emirates NBD Capital, Mizuho, and Nomura have been appointed joint lead managers and joint bookrunners on the bond issuance. The issuance comes under ENBD's AUS $4 billion Kangaroo Debt Issuance Programme. (Writing by Bindu Rai, editing by Seban Scaria)
