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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

Published Thu, Dec 3, 2015 · 09:50 PM
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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 debt this year, about 20 per cent less than at the same stage in 2014, data compiled by Bloomberg shows. Issuance for the whole of last year reached A$39.5 billion.

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