Post-deal insights: first new-style Kangaroo tier-two issue shows Australia's continued evolution
- Monday, 29 June 2015
Issuer and intermediaries say the first-ever Basel III compliant tier-two Kangaroo transaction shows institutional investors have reached a level of comfort with new-style instruments sufficient to enable further evolution of the product. Other offshore borrowers may be circling although market participants say other routes to issuance may be more appropriate for many.
