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Australia bond sales down 20% to date despite strong start

Foreign entities including sovereign-backed agencies and chipmaker Intel sell A$31.4 billion of Kangaroo debt

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Kangaroo bond sales have dropped in 2015, fading after a strong start to the year even as iPhone maker Apple Inc concluded a marquee offering.

Sydney

KANGAROO bond sales have dropped in 2015, fading after a strong start to the year even as iPhone maker Apple Inc concluded a marquee offering.

Foreign entities including sovereign-backed agencies and chipmaker Intel Corp have sold A$31.4 billion (S$32.4 billion) of Kangaroo