Kangaroo bonds' issuance surges amid record-low yields

Bengaluru, India

GLOBAL investors are fuelling a surge in Kangaroo bond issuance, turning to Australia in search of an alternative to record-low yields - especially after the shock of Britain's vote to leave the European Union.

Kangaroo bond issuance of US$7.2 billion in the second quarter of 2016 was 22 per cent higher over the year and the largest volume in the last five quarters, according to Thomson Reuters data.