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Kangaroo bonds' issuance surges amid record-low yields

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Kangaroo bonds are issued by non-Australian issuers in the Australian market and are denominated in Australian dollars. They offer higher coupon rates and yields than Australian government bonds.

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...