Demand for Asian Kangaroos could open door to regional corporates

A robust bid for Asian credits in Australian dollars – which has so far this year led to a pair of Korean financial institution (FI) transactions for a total of A$600 million (US$648 million) – could prompt more Asian deal flow. And some intermediaries believe the universe of potential bank issuers, both from Korea and wider Asia, is sufficiently limited that non-financial corporates could see value in meeting the AUD demand.