850 million AUD scale
Record high with 55 investors
On the 20th, the Export-Import Bank of Korea announced on the 21st that it had issued Kangaroo bonds worth 850 million Australian dollars (approximately 580 million US dollars) in the evening.
Kangaroo bonds refer to Australian dollar-denominated bonds issued by foreign institutions in the Australian capital market. The maturity and issuance amounts of this bond are 3 years for 500 million Australian dollars and 5 years for 350 million Australian dollars, respectively.
This bond issuance is the largest ever among Kangaroo bonds issued by Korean issuers. The number of investors, 55 companies, is also the highest ever. The Export-Import Bank of Korea explained that by capturing the recent preference for short-term bonds in the Australian bond market, they added a 3-year bond in addition to the generally popular 5-year bond, attracting participation from various investors.
Meanwhile, since the first issuance in 2012, the Export-Import Bank of Korea has issued a total of 6.1 billion Australian dollars in bonds, maintaining its position as the largest Korean Kangaroo bond issuer. In particular, this issuance is the first senior Kangaroo bond issuance in Korean currency this year, reaffirming Australian investors' trust in high-quality Korean bonds.
The Export-Import Bank of Korea stated, "Following the issuance of US dollar and euro bonds this year, we have continued with the third public bond issuance, solidifying our position as a representative foreign currency borrowing institution across various currencies," and added, "We will continue to closely monitor various international bond markets to secure high-quality foreign currency funds and provide benchmarks for other domestic issuers."
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