Aussie wealth clients jump into Kangaroo bonds as Alphabet triggers AUD debt surge

Australia’s ultra high net worth and high net worth investors are pushing into the country’s traditionally institutional “Kangaroo” bond market, bidding for foreign corporate paper following Alphabet’s landmark A$5.5 billion debt issuance. Andrew Bird, UBS Andrew Bird, UBS’s head of global wealth management Australia, said that Australia’s “high-quality and liquid” bond market is attracting foreign issuers such as Alphabet.  “Clients…

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