Government issues Australian dollar kangaroo bonds for first time...a sum of 400 billion won

The Ministry of Strategy and Finance said it had successfully issued Australian dollar-denominated foreign exchange equity fund bonds, the so-called Kangaroo Bond.

The issuance scale is 450 million Australian dollars, worth 400 billion won in Korean money, and it is a five-year single product.

The issuance rate is 4.51%.

For the first time, the issuance of Australian dollar foreign exchange bonds has diversified foreign currency procurement channels and expanded the ability to provide foreign exchange rates, so-called benchmarks, the ministry said.

So far, the government has issued four currency-denominated foreign exchange bonds - the dollar, the euro, the yuan and the yen.

This is the first overseas government bond issued in 18 years for the Australian market.

The issuance of kangaroo bonds is a measure to discover new investment demand after the decision to incorporate the global government bond index.

"It is also an important achievement to provide an opportunity to establish a close relationship with the Australian capital market," the ministry said.