Kangaroo Bond

Kangaroo Bond Meaning:
A bond denominated in Australian dollars and issued in Australia by a non-Australian entity. Also known as a matilda bond.

Kangaroo Bond Example:
Kangaroo bonds are a type of ‘foreign issuer bond.’ Foreign issuer bonds are issued to access investment capital in non-domestic markets, among other reasons. The best known type of foreign issuer bonds are samurai bonds, which are bonds denominated in Yen and issued in Japan by a non-Japanese entity.