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2006 July-August

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Last Updated on Wednesday, 18 July 2012 14:16

Contents - 2006 Jul-Aug

KangaTrends - 2006 Jul-Aug
A decade in review. August 1 2006 commemorates 10 years of Kangaroo market activity. Intermediaries remain positive that demand for this product will continue and that issuance from lower-rated corporates will come.

Feature - 2006 Jul-Aug
Kangaroos vs the world. Some of the most regular and prolific international borrowers talk about their funding in the Kangaroo market compared with other Australian and non-core dollar markets.

Q&A - 2006 Jul-Aug
Rentenbank: market giant. The German agency for agriculture and rural areas has emerged as the Kangaroo bond market's largest and most ambitious issuer, with A$4.85 billion outstanding in five maturities.

KangaDeals - 2006 Jul-Aug
Table of deals issued from January 1 to June 30 2006.

Kangaroo Forum - 2006 Jul-Aug
Twenty-seven issuers met in London and Sydney in June to discuss market
developments with a range of Australian investors. Highlights of the discussion include how to prove commitment to the market, the benchmark size of deals, and the make-up of Asian and European buyers of Kangaroo bonds.

Feature - 2006 Jul-Aug
Bank investor demand on hold. Liquids portfolio managers in Australia reveal that their interest in Kangaroo bonds is, at best, stationary. They say compared with bank bills, deals from international issuers - even when they are repo-eligible - do not offer the same liqudity or price advantages.

Investor spotlight - 2006 Jul-Aug
Tony Togher, who runs the biggest pool of cash funds under management in Australia, for Colonial First State Global Asset Management, talks about the impact of new super legislation on cash as an asset class, the reasons for increased interest in FRNs, and appetite for Kangaroo bonds.